PRINT THIS PAGE Private equity heads for Japan29/05/2001. Source: The McKinsey Quarterly. Tadaaki Chigusa
Now that corporate restructuring in Japan is underway, there are plenty of opportunities for private equity firms and their investors. This McKinsey article looks at why western firms are moving into the market and how they must learn to understand the prevailing management style to be successful.
| Japan has started the process of regulatory change, offering huge opportunities for foreign principal-investment firms willing to establish a local presence - as long as they take the nuances of Japanese business culture and practice into consideration. To promote mergers and acquisitions, the government is implementing a range of reforms, from accounting standards to a revision of the securities laws. By the time the final changes have been introduced in the year 2002, Japan's M&A regulatory environment will be almost as unfettered as that of the United States. | Private equity firms have already begun to move into the country. New offices have been set up by EM Warburg Pincus, and Patricof (US), GEMS (Hong Kong), Schroder Ventures and 3i (UK).
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Extracted from The McKinsey Quarterly, 2000 Number 3
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