DC Advisory advised JAFCO Group Ltd on the sale of Medical Support Co Ltd to Nippon Investment Company

Background

• JAFCO Group Co., Ltd (JAFCO) is a Japanese private equity fund that invests in Japanese, American and Asia companies across a wide range of sectors including IT services, medical biotechnology and electronics
• Medical Support Co Ltd (Medical Support Co) is a Tokyo based consultancy firm that provides business process outsourcing (BPO) services to dental clinics
• JAFCO acquired Medical Support Co in 2018
• Nippon Investment Company (NIC) is a Tokyo based growth expansion firm that provides growth capital to medium-sized Japanese companies

Process

• DC Advisory (DC) was engaged by JAFCO to act as exclusive financial advisor and provide comprehensive sell-side advice on its sale of Medical Support Co 

Outcome

• In February 2023, Medical Support Co was sold by JAFCO to NIC for an undisclosed amount
• The service offered by Medical Support Co is seen as an attractive growth market in the healthcare sector, and will be further supported by NIC's funds and management advisory services
• This transaction demonstrates DC’s expertise in the Japanese domestic market