The Riverside Company has sold Shinsouki to iSigma Capital
Lincoln International, a leading global mid-market investment bank, has announced that Shinsouki Co., Ltd. (“Shinsouki” or the “Company”), a Japanese coin parking lot operator, has been sold to iSigma Capital, a private equity unit of Marubeni Corporation. Shinsouki was a portfolio company of The Riverside Company (“Riverside”).
Shinsouki is the largest operator of parking lots in Niigata City, Japan. Through the 2009 acquisition of MAOS, the Company added a strong presence in Tokyo. Most of the lots the Company operates are unmanned and built on leased land in high-density areas. The Company combines deep knowledge of its geographies with close relations with landowners to develop lots in favorable and profitable areas. Shinsouki and MAOS collectively operate and manage more than 8,000 parking spaces.
Lincoln acted as the exclusive financial advisor to Riverside and Shinsouki, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $200 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 275 transactions. The firm’s international portfolio includes more than 75 companies, and it has $3.2 billion/€2.5 billion in assets under management. For more information, visit www.riversidecompany.com or www.riversideeurope.com.
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