Houlihan Lokey Advises Marunouchi Capital

Houlihan Lokey is pleased to announce that Marunouchi Capital Co., Ltd. (MCAP) has sold Miuraya Co., Ltd. (Miuraya) to Olympic Group Corp. (Olympic). The transaction closed on March 15, 2024.

Headquartered in Tokyo, MCAP is a leading Japanese PE firm that was established in 2008 by Mitsubishi Corp., a major general trading company, and others. MCAP has extensive experience in investing in the retail sector, including well-known, high-end specialty supermarkets, wholesalers, and delicatessens, such as Seijo Ishii, Akomeya, and Queen’s Isetan.

Miuraya operates a recognized premium and historic supermarket retailer in its name, which has seven outlets in Tokyo’s suburbs and upscale residential areas. In addition, it operates a food wholesaler business for school lunches with a high market share in the western part of Tokyo.

The buyer, Olympic, operates supermarkets and discount stores in and around Tokyo. Olympic focuses on the supermarket business and is actively engaged in M&A.

Houlihan Lokey served as the sole financial advisor to MCAP and assisted in initiating, structuring, and negotiating the transaction on its behalf.