Solution Solution

Business Succession

“We want to pass the company to a successor before the ownership gets split due to inheritance.”
“I would like to dispose of the shares of the company and retire, but there is no one to hand over to. ”

Solution

01

When the original owner of a company lacks a successor or faces a slumping business, Polaris can purchase the shares held by him and help the company grow under the new management replacing the original owner.
Solution

02

If the existing officers of the company take over the management, Polaris may arrange “Management Buyout (MBO)” with those officers who put their own money in the company.
Solution

03

When the lack of an appropriate successor is an issue, Polaris may arrange a “Management Buy-In” where Polaris select a professional manager through its network and send him in to the company as new management.

Features: Operates 74 restaurants, as of December 2010, under “Toriyoshi” brand serving fried chicken wing and grilled chicken on a skewer, “Isomaru Suisan” brand specializing in seafood and several other brands with the goal to “become a group of specialist restaurants which can enrich Japanese quality of life further.” Has attracted many loyal customers with high quality of their food and services. Plans to increase restaurants both under existing brands and new brands

Investment Theme: Support the management for its fast-pace growth strategies of starting new restaurants under growing “Isomaru Suisan” brand as well as established “Toriyoshi” brand by strengthening corporate governance and implementing effective business and finance control, and aim to create additional value for shareholders

Exit Story

Date of Exit
- April 2013
Exit Pattern
- A transfer of all the shares of SFP to Create Restaurants Holdings Co., Ltd.(“Create Restaurants”) and several business partners of SFP through a series of sales.
Points of Exit
- Polaris sold all the shares of SFP through two pre-IPO allocations to stable shareholders, the sale of 30% to several business partners of SFP and the sale of 70% to Create Restaurants. Polaris believes that Create Restaurants focusing on shopping malls and SFP mostly with stores on main streets would complement each other and be able to enjoy a synergy effect. Create Restaurants agrees that SFP continues to aim for going public via IPO.