Investcorp is to open a new office in Tokyo with a focus on acquiring high-end Japanese manufacturers, according to a report by the Financial Times. The office will initially be home to five staff with that number reportedly expected to double over the coming year.
Investcorp, which manages more than $50 billion in assets, has a track record of investing in luxury and high-end brands having once owned Tiffany as well as a controlling interest in Gucci.
Jeizo Takenaka, a former financial services minister in Japan has been appointed as chair of Investcorp’s Tokyo operation.
