Oct.,20,2021- Assignment of all the stakes in Kojitusanso Co,, Ltd. (75.14% of the total outstanding shares) held by the investment funds managed by DRC Capital (Japanese Limited Partnerships DRCII and DRCIII) was completed on October 20, 2021. The stakes were transferred to JPH Co., Ltd.
- Dec.,26,2016
- Assignment of all the stakes in Universal Home, Inc. (70.21% of the total outstanding shares) held by the investment fund managed by DRC Capital (Japanese Limited Partnerships DRC I) was completed on December 26, 2016. The stakes were sold to Iida Sangyo Co., Ltd., a core company in Iida Group Holdings, Co., Ltd., the Japan's largest housing developer group. DRCI has been instrumental in enhancing profitability and the growth of Universal Home after its investment in November 2008. Iida Sangyo will take over the business growth by exerting synergies expected between the two companies.
With this divestment of Universal Home, DRCI has completed all its investment activities which resulted in the fund's overall investment return of 19% in a gross IRR, and it will move on to winding-up of the fund.
- Oct.,03,2016
- DRC Capital has been granted Operational Excellence Award 2016 (in the Asia-Pacific Small Cap sector) from Private Equity International (PEI) for its investment in Paydesign (realized in April 2016). A number of investments by private equity funds around the world, realized during the past one year, were analyzed by PEI's distinguished panel of judges. As regards DRC's Paydesign, its business portfolio underwent a significant evolution under DRC's policy of "shrink-to-grow" where non-core unprofitable businesses were eliminated and the core settlement business was given a strong growth impetus. PEI panel of judges paid high regard to this decisive operational improvements by DRC that led to a superior return.
- Apr.,14,2016
- Assignment of all the stakes in Paydesign, Inc. held 87.5% by the investment funds managed by DRC Capital (Japanese Limited Partnerships DRC I and DRC II, and DRC Capital Fund, LP and DRC Investment Fund, LP) was completed on April 14, 2016 when the stakes were sold to Metaps Inc., an internet data analysis and online payment service provider. DRC's involvement in Paydesign (formerly, Degital Check) started in August 2008 when DRCI made its first investment. DRC Funds subsequently increased their holdings and have been instrumental in improving the company's profit stability as well as in growth strategy implementation. Metaps, who provides online payment services, will take on a further growth of the company.
- Nov.,11,2014
- The investment funds managed by DRC Capital (Japanese Limited Partnership DRC II, DRC Capital Fund, LP, DRC Investment Fund, LP and Japanese Limited Partnership DRC Ⅲ) have invested in Chan Luu, a Los Angeles based jewelry and accessories company which markets and sells its Chan Luu brand products in the U.S., Japan, and other countries throughout the world, and have formed Chan Luu Japan to manage the investment and aggressively market the brand in Japan and Asia. Ms. Chan Luu, the founder, will remain active in the company and will be based in Los Angeles, California.
- Jul.,31,2014
- Japanese Limited Partnership DRC Ⅲ was launched on July 31, 2014. DRC Ⅲ will follow the same investment strategy of adding significant values to investee companies, adopted by the preceding funds, DRC I and DRC II, which have been successful in generating consistent, high returns.
- Sep.,30,2013
- Assignment of all the stake in Casa inc. held 100% by the investment funds managed by DRC Capital (Japanese Limited Partnerships DRC I and DRC II, and DRC Capital Fund, LP and DRC Investment Fund, LP) was completed on September 30 when the stake was sold to the firm's management and an investment fund managed by Ant Capital Partners Co., Ltd. DRC's involvement in Casa dates back to October 2008 when it took over the rent guarantee business carved out from Re-plus Inc. who failed for other reasons. DRC has since rebuilt the business to today's solid state with a high growth rate and profitability. The management and Ant Capital Partner's investment fund have now taken it over as a management buyout scheme.
- Jun.,13,2013
- The investment funds managed by DRC Capital (Japanese Limited Partnerships DRC II, DRC Capital Fund, LP and DRC Investment Fund, LP) invested in Seiban Co., Ltd., the largest producer of backpacks for primary school pupils.
- Sep.,12,2012
- Japanese Limited Partnership DRCI exited from its investment in Yumeshin Holdings which it made in 2007. It achieved an investment return of 8.3% p.a. in gross IRR and 1.5 times in money multiple over the 5 and a half years of its holding, during which time Nikkei Index fell by 49% (-11.3% p.a.). Since the investment was made, DRC Capital has been instrumental in refocusing the company's strategy on its core business of dispatching engineers so that it could start afresh for growth. As a consequence, the profits based on the core business have improved significantly. The investment return mentioned above derives largely from such improved performance. This is a typical case of DRC Capital's investment policy of creating investment returns by enhancing the intrinsic value of the investee company, independently of the stock market trend.
- Apr.,23,2012
- DRC Capital Fund, LP and DRC Investment Fund, LP, offshore funds registered in Cayman Islands, held their final closing with capital commitments from international institutional investors. These funds are advised by DRC Capital and make investments as parallel funds to Japanese Limited Partnership DRCII.
