[Held on April 2nd (Tuesday)] Announcement of the “IESE Japan Search Fund Forum”. IGPI
Gorgeous domestic and international experts will be on stage, including Chairman Kazuhiko Tomiyama and representatives from one of Europe’s largest search fund institutional investors!
*View in browser* *IESE Business School Search Fund Club*
Press release: March 8, 2024
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[Held on April 2nd (Tuesday)] Announcement of the “IESE Japan Search Fund Forum”. IGPI
Gorgeous domestic and international experts will be on stage, including Chairman Kazuhiko Tomiyama and representatives from one of Europe’s largest search fund institutional investors!
*IESE Business School, a world authority on search fund research, will invite distinguished speakers from Japan and abroad to consider the future of search funds in Japan from multiple angles through lectures and panel discussions. *
IESE Business School will be holding the “*IESE
JAPAN Search Fund Forum*
We have decided to hold an event related to search funds. At this forum, IESE Business School, which is a world authority in search fund research along with Stanford University, will invite distinguished speakers from Japan and overseas to discuss the future of search funds in Japan from multiple angles through lectures and panel discussions. I think about it.
・Mr. Kazuhiko Tomiyama, Chairman of IGPI Group, a leading expert in corporate support
・Representative of one of Europe’s largest search fund institutional investors ・Noriko Shimazu, representative of JaSFA, a leading expert on search funds in Japan
・Search fund investors in Japan
・Active search fund entrepreneur
People who are interested in business succession issues of small and medium-sized enterprises and regional revitalization, investors who want to deepen their understanding of search funds, and MBA students and current students who want to deepen their understanding of search funds as part of their future career. This is a once-in-a-lifetime opportunity, and we look forward to your participation, including students, graduates, young working adults, and anyone else with even the slightest interest in search funds!
[Program overview]
Date and time: Tuesday, April 2, 2024, 18:00-22:30 (Japan time) Location: BASE Q (Tokyo Midtown Hibiya)
Application: This page
18:00 Doors open and reception begins
18:30 Opening remarks/“Search Fund Introduction” IESE Business School Search Fund Club
18:45 Lecture 1. “Search fund investment as an asset class” Mr. Jose Martín Cabiedes, visiting professor at IESE Business School
19:20 Lecture 2. “The potential of search funds in revitalizing Japanese small and medium-sized enterprises” Kazuhiko Tomiyama, Chairman of IGPI Group/President of JPiX
20:00 Break
20:10 Panel discussion 1. “Search funds as a career” Speakers: Mr. Yoshiaki Kurosawa, Mr. Ryoma Matsumoto
20:40 Panel discussion 2. “The future of search funds” Speakers: Kazuhiko Tomiyama, Noriko Shimazu, Shinichi Houda, Chita Terada 21:25 Closing remarks
21:30 (Applicants only) Social gathering
22:30 Event ends
【Speakers】
Mr. Kazuhiko Tomiyama
Group Chairman of Management Co-Creation Platform (IGPI) President and Representative Director of Japan Co-Creation Platform (JPiX) boston consulting
After serving as representative director of the group and corporate direction, in 2003, he participated in the establishment of the Industrial Revitalization Corporation and became COO. After
disbanding, in 2007, he established Management Co-creation
Infrastructure (IGPI) and became CEO. Chairman of IGPI Group since October 2020. In 2020, he established Japan Co-Creation Platform (JPiX) and assumed the position of President and Representative Director.
Outside director of Panasonic Holdings, outside director of Mercari. Chairman of the Japan Association of Corporate Directors. Expert member of the Council for the Realization of New Capitalism, Cabinet Secretariat, Acting Chairman of the Cabinet Office Regulatory Reform Promotion Council, Member of the Financial Services Agency Stewardship Code and Corporate Governance Code Follow-up Committee, Chairman of the National Council for Infrastructure Maintenance, Ministry of Land, Infrastructure, Transport and Tourism, and other government-related members. Many.
Graduated from the Faculty of Law at the University of Tokyo, received a Master of Business Administration (MBA) from Stanford University, and passed the bar exam.
Mr. Jose Martin Cabiedes
(Jose Martin Cabiedes)
Co-founder of Cabiedes&Partners/IESE Business School
Senior Lecturer
After graduating from Universidad Pontificia Comillas (ICAI), Banco Santander, AV BBVA &
Partners, BBVA and BBVA Asset
Current position after working in management, etc. Co-founded Cabiedes&Partners and made over 60 seed investments. We started investing in search funds in 2014, and to date have invested in over 100 search funds around the world. Currently, he also serves as a lecturer in entrepreneurship education at IESE Business School. Master of Business Administration (MBA) from IESE Business School.
Noriko Shimazu
Japan Search Fund Accelerator Co., Ltd. (JaSFA) Representative Director and President
After working at Boston Consulting Group Inc., where he was involved in planning business strategies for large companies, he earned an MBA from Stanford University Graduate School of Business. Learn about search funds directly from search fund creators, investors, and people with experience. After returning to Japan, he established Japan Co., Ltd. as the leading search fund company in Japan.
Search Fund Accelerator
(JaSFA) and became the representative director and president. Starting with Japan’s first search fund conference, YMFG Search
After establishing and managing funds, he established Japan Search Fund Platform (JSFP). He also serves as an ad hoc member of the Small and Medium Enterprise Policy Council and as an outside director of investee companies.
Mr. Shinichi Houda
President and Representative Director, Japan Private Equity Co., Ltd. After graduating from the Faculty of Economics at Keio University, he worked at the Shoko Chukin Bank and then joined the independent venture capital firm Japan ASEAN Investment Co., Ltd. (currently Japan Asia Investment Co., Ltd.).
Joined the company and engaged in venture investment. In 2000, he participated in the establishment of Japan Private Equity Co., Ltd. (JPE), and in 2005 he became president and representative director. Since the establishment of JPE, Aozora Bank, Sanyo Electric, Fukuoka Financial Group, Development Bank of Japan,
Involved in the composition and management of all 11 buyout funds specializing in small and medium-sized enterprises established with investors such as the Tokyo Metropolitan Government and JR Shikoku, totaling 28.6 billion yen.
Invested in two Japanese traditional search funds and supported them as an investor and mentor.
Mr. Chita Terada
Director, Inclusion Japan Co., Ltd. / Investment Officer, ICJ Fund No. 2 / Full-time professor, Faculty of Entrepreneurship, Musashino University
Born in 1975. Completed mechanical engineering at Kyoto University Graduate School of Engineering. Engaged in strategy planning and new business consulting in the information communications and media fields at Nomura Research Institute. After that, he engaged in joint research with the University of Oxford in the UK on the possibility of replacing 49% of Japan’s labor with artificial intelligence, and in collaboration with startups to support business digitalization, before joining Inclusion Japan.
Mr. Yoshiaki Kurosawa
Tao Co., Ltd. Representative Director and President
After graduating from Waseda University Faculty of Commerce, joined Tokio Marine Group. After working in Japan and the US for a total of 8 years, he studied abroad at IESE Business School. After graduating from IESE, he established Japan Business Succession Partners LLC in 2019 as Japan’s first traditional search fund and began search activities. In December 2021, he took over Tao Co., Ltd. and became the representative director. Master of Business Administration (MBA) from IESE Business School.
Mr. Ryoma Matsumoto
President and Representative Director of Mediplus Co., Ltd. (“Tatsumi Visiting Nursing”)
After graduating from the Faculty of Economics at the University of Tokyo, joined Mitsubishi Corporation. Mainly engaged in fund establishment and management in the private equity business field, investment execution, and new business development in the real estate business field. In 2019, he was seconded to a North American buyout fund and was in charge of investment operations. Japan from February 2022
Active as Search Fund Platform’s first searcher, current position since January 2023.
[Sponsor]
– Innovation Partner: BASE Q
– Inclusion Japan Co., Ltd.
– Japan Private Equity Co., Ltd.
– Mr. Akihisa Yamamoto, Partner, Nishimura & Asahi Law Office and Foreign Law Joint Venture
– GERALD EDELMAN
– Relay Investment
– Mr. DLA PIPER etc.
[About search fund]
Search funds are searchers (entrepreneurs) with an entrepreneurial spirit who seek investment from investors, search for promising small and medium-sized enterprises, and succeed the business through M&A to achieve business continuity and growth. It is a form of
entrepreneurship.
There are two main types of search funds. One is “1. Traditional Search Fund,” in which searchers themselves raise funds from multiple investors (usually 10 to 20 people) and conduct acquisitions and actual management. The other type is “2. Accelerator-type search fund,” in which a searcher conducts acquisitions and actual management under the full backing of a single investor (accelerator).
Currently, in Japan, “2. Accelerator type” is the mainstream, and in 2023, nine investments will be made using the accelerator type. On the other hand, overseas (United States, Europe, Central and South America), “1. Traditional type” is the main type of search funds, and so far more than 700 searchers have been born around the world, and in Japan, as of February 2017, there were 4 traditional type search funds. A type search fund has been established. (One of them was an investment)
This forum focuses on 1. Traditional type in Japan.
2.This is the first event that aims to comprehensively deepen understanding of both accelerator types from the following
perspectives.
As a solution to social issues:
As one solution to the business succession problem of small and medium-sized enterprises, the shortage of young management personnel, and the decline of local economies.
As a new investment asset:
As a new middle risk/middle return asset type
Career options include:
ETA (Entrepreneurship Through Acquisition) – A new option for starting a business through acquisition
■Inquiries/Management source
Organization name: IESE Business School Search Fund Club
Contact: iesesearchfundclubjapan@gmail.com
*About details about this release*
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