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BOSTON, December 22, 2015 - Bain Capital Private Equity today announced an agreement to sell its entire 50 percent equity interest in Jupiter Shop Channel Co.,Ltd. (“JSC”) to Jupiter Telecommunications Co., Ltd. (“J:COM”). The transaction is expected to close in March 2016 after antitrust clearance.
JSC offers 24-hour live TV broadcasting, and is the leading player in the Japanese market. Bain Capital Private Equity acquired a 50 percent stake in JSC in July 2012. Together with Sumitomo Corporation (“Sumitomo”, the other 50 percent shareholder of JSC), Bain Capital has supported JSC in a number of growth initiatives including accelerating e-commerce channel penetration, developing digital device strategy, marketing enhancements, pricing mechanism and re-engineering which significantly improved JSC’s profitability.
David Gross-Loh, a Managing Director at Bain Capital Private Equity, commented “JSC’s exceptional product line-up, industry-leading TV programming and operational capabilities, Sumitomo’s strengths in the retail segment as one of the leading trading companies in Japan, and Bain Capital’s global expertise in the retail sector, have all combined to accelerate JSC’s growth. Along with our partners, we are proud of our contribution to drive JSC’s business growth, and believe that J:COM, JSC’s new partner, will further support JSC’s continued development going forward.”
Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since our founding in 1984. Our team of more than 400 investment professionals creates value for our portfolio companies through our global platform and depth of expertise in key vertical industries including consumer/retail, financial and business services, healthcare, industrials, and technology, media and telecommunications. In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.
This press release has been updated to reflect the new business unit name, "Bain Capital Private Equity," which was changed from "Bain Capital" or "Bain Capital, LP."