Flexstone Partners, the global co-investment specialist and affiliate of Natixis IM, has acquired private equity stakes in companies based in Asia, the US and Europe.
Flexstone has bought into an Asian construction services firm, a US marina ownership and management company, and a European health and wellness specialist.
It invested $12m in Stack, a Japanese one-stop provider of scaffolding solutions, which leases, installs and removes scaffolds used at construction sites. Stack focuses on residential construction, with a particular emphasis on renovation projects. “Residential is a very stable segment in Japan,” said Kit Jong Tan, head of Asian investments at Flexstone. “Stack managed to grow its book of business even during the pandemic.”
Flexstone invested alongside Orchestra Private Equity, a private equity firm which has operated for 8 years in the Asian mid-market sector. “Orchestra has plenty of experience in the smaller end of the mid-market, so this deal is right in its sweet spot,” said Tan.
You can now read the full press release at the link below