BReCS Holding Corporation

Investment timing: 2020/1
Deal type: Carve-Out
Fund: AG II-b
Status: Exit

Investment Background

BReCS is a company, which manufactures and sells unit baths for apartments. Bridgestone Group has been in this business since 1990, but due to their carve-out needs, the company was spun off in 2020. Aspirant Group has invested in the company with the theme of assisting in the standalone process /pursuit of sustainable growth.

Post-Investment Activities

Development of Infrastructure

• Development of an accounting management system
• Design/management of meeting structure
• Development of Corporate Infrastructure (Establishment of organization/systems and other management infrastructure to become a standalone company)

Rationalization

• Improvement in Productivity – Cost reductions (Promotion of  automation of manufacturing processes and in-house production)
• Pricing Strategy (Implementation of appropriate pricing)
• Improvement in Cash Management​ (Utilization of leases and set up of independent financing capability)

Support for Growth

• Sales Support/Sales Channel Expansion, etc. (Establishment of a cross-functional sales structure by strengthening collaboration between sales, engineering, and manufacturing)
• R&D/Capital Investment (Investment for renewal of core products)
• R&D/Capital Investment (Development of high design products/going to the market)