Investment Overview

Investment timing: 2021/8
Deal type: Carve-Out
Fund: AG III Series Funds
Status: Active

Investment Background / Post-Investment Activities

Investment Background

Kohjin Film & Chemicals manufactures and sells plastic films used mainly for food packaging and lithium-ion batteries and is a major player in the market. Aspirant Group invested in the company in response to the business carve-out needs of its parent company, Mitsubishi Corporation, with the theme of sustainable growth by becoming a standalone company/strengthening profitability.

Post-Investment Activities

Development of Infrastructure

  • Development of an accounting management system
  • Design/management of meeting structure

Rationalization

  • Reallocation of Management Resources (Improvement of sales mix based on product profitability analysis)
  • Improvement in Productivity – Cost reductions (Reduction of external expenses by promoting in-house production and reviewing each SG&A expense item)
  • Pricing Strategy (Implementation of appropriate pricing reflecting cost fluctuations)

Support for Growth

  • R&D/Capital Investment (Development of new products using raw materials with lower environmental impact)