Unison promotes four to partner level(2)

The Japan-focused firm has promoted four of its executives to partner as it considers raising a new fund.

Tokyo-based Unison Capital Partners has appointed four of its executives to partner level, a move that reflects the firm’s expectation of stepped up activity in 2013.

“With these appointments, we are prepping for next phase of our investment activities,” Tatsuo Kawasaki, partner, told Private Equity International.

The four new partners are Teppei Kono, Hitoshi Yamaguchi and Koichi Tateno, who are based in Tokyo and Soomin Kim, who will be based in Seoul. 

All executives have experience on the investment side except Yamaguchi, who has a fund administration background.

The appointments became effective March 1. 

Unison, which focuses on Japan, also invests in Korea and other markets if it finds a Japan angle. It has 20 professionals in Tokyo and three in Seoul. 

Unison made five investments in 2012 and exited Akindo Sushiro, a sushi restaurant chain that it sold to UK-based Permira for $1 billion. The exit multiple was about 8x, according to the firm.

Unison’s Fund III, a $1.15 billion vehicle of 2008 vintage, is 85 percent invested, Kawaski said, adding that the firm intends to raise a new Japan-focused fund.