(Tokyo, 26 December 2023) Trustar Capital Partners Limited is pleased to announce that it has entered into a strategic investment with Kaneko Group. The CEO of Kaneko Group, President Mr. Takuzo KANEKO, will continue to serve in his management role.
Kaneko Group is a leading company in the recycling industry, providing one-stop services from collection, transportation, and intermediate processing (including re-manufacturing of waste paper) of various materials such as waste paper, plastics and metals, that are produced as sub-products in the course of corporate business activities. The company serves a wide range of customers including large corporate and government nationwide, offering total recycling services from collection to regeneration, tailored to the needs of its customers.
Leveraging its investment track record in this industry, management know-how, and insights into capital markets, Trustar Capital will actively support the growth of Kaneko Group by strengthening its sales organization, management structure as well as actively implementing bolt-on acquisitions, with a goal for a potential future public listing.
These days, as awareness of achieving a sustainable society increases rapidly, addressing ESG has become one of the most critical themes in corporate management. The total recycling services provided by Kaneko Group are increasingly crucial for companies to fulfill their social responsibilities. Trustar Capital will continue to provide further support, contributing to the expansion of the circular economy and, ultimately, the resolution of environmental issues facing society.
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Notes: Anderson Mori & Tomotsune Law Office served as legal advisor, while Deloitte Touche Tohmatsu Group served as the accounting, tax and business advisor on this transaction for Trustar Capital.
About Kaneko Group
Established: 1948
Representative: Takuzo KANEKO, President and CEO
Headquarters: Shizuoka, Japan
Website: https://kaneko-hd.co.jp/
About Trustar Capital Partners Limited
Trustar Capital (formerly known as CITIC Capital Partners), focuses on control buyout opportunities globally and has completed around 100 investments since inception across China, Japan, U.S., Europe, etc. Trustar Capital currently manages USD 8.7 billion of committed capital. For more information, please visit http://www.trustarcapital.com/.
Trustar Capital is a private equity affiliate of CITIC Capital Holdings Limited. Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. The firm manages over USD17 billion of capital across 100 funds and investment products through its multiple asset class platform covering private equity, real estate, structured investment & finance, and asset management. CITIC Capital has over 290 portfolio companies that span 11 sectors and employ over 600,000 people around the world.
For media enquiries, please contact:
Cindy TAM
Director, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6813
cindytam@citiccapital.com
Irene GAO
Senior Associate, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6814
irenegao@citiccapital.com
Masahiro ITO
Senior Managing Director, Head of Japan Private Equity
Trustar Capital Partners Japan Limited
Tel: +81 3 5211-3830