This is to announce that JVCC., Ltd. (“JVCC”) has acquired 100% shares of FORPETS Co., LTD(“FORPETS”). JVCC is a portfolio company of J-STAR No.3 SS, LP, etc., funds that J-STAR provides investment-related services. The FORPETS has headquarters in Minato-ku, Tokyo, which company representatives are Mr. Takanori Sato and Mr. Ryuta Kondo.
In 2008, Mr. Takanori Sato and Mr. Ryuta Kondo, veterinarians, founded FORPETS. The company operates two veterinary clinics and one pet salon in Tokyo. Both veterinarians continue to provide services as members of JVCC Group.
JVCC purports to create a vet clinic group which earns trust from pet owners while providing veterinarians friendly working environment. Through a series of acquisitions, JVCC has 12 clinics and 10 pet salons. JVCC continues to seek opportunities to expand and to establish an institutionalized veterinary service provider.
For us to examine and execute this investment, we enlisted the following parties; Mori Hamada & Matsumoto provided a legal advice and due-diligence service. Eichi Financial Advisory Inc. served as the financial and tax due-diligence professional.
*J-STAR Co., Ltd. provides investment related services to, from directly or indirectly through a wholly-owned subsidiary, J-STAR No.3 SS, LP, etc, providing researches about investment opportunities, as well as other investment related services such as training to portfolio companies.