Advantage exits Japan massage chain in $300m sale
Advantage Partners has sold its majority stake in Japanese massage chain operator Riraku at a valuation of approximately $300 million, securing a 12x money multiple.
The private equity firm acquired a 75% stake in the business at a valuation of $50 million, including debt, in October 2013, facilitating an exit for one of the company’s three founders. The other two...
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