CVC appoints two for Tokyo team

CVC Capital Partners announced today it is appointing two new members to its Japan team, according to a statement.

Atsushi Akaike will become partner and head of CVC Japan and Yukinori Sugiyama will assume a senior managing director position for the investment management firm.

“Japan is an important market for us, offering significant investing opportunities in a variety of sectors,” the firm's managing partner Roy Kuan said. “CVC is committed to completing further control and joint control style investments in the country.”

Akaike joins CVC after serving as senior partner at Advantage Partners LLP and Sugiyama was partner at the same company. Both will be based in Tokyo.

CVC, founded in 1981, completed the initial public offering of TechnoPro Holdings Inc. on the Tokyo Stock Exchange last year, making it the largest domestic offering of 2014 in Japan. As of March, it raised $679.91 million (£443.51 million; €606.75 million) for its CVC Growth Partners fund.

It currently manages $71 billion in assets for 16 funds across 20 offices in Europe, Asia and the U.S.