CLSA Capital Partners Ltd. purchased Tokyo-based coin parking lot operator Ecolo Holdings Co. Ltd., also known as Ecolocity Corp., for an undisclosed amount.
The transaction was conducted through the private equity firm's Japan-focused mid-cap vehicle, CLSA Sunrise Capital III.
Ecolo CEO and President Masaru Inoue will remain at the helm and there will be no changes in the company's business operations.
Ecolo, doing business as Ecolopark, maintains about 3,500 coin parking lots across Japan. CLSA Capital is the asset management unit of CLSA Ltd.