Domestic investment fund Polaris Capital Group is in the final stages of negotiations to acquire the Try Group, which operates a home tutoring business. The acquisition is reportedly expected to be valued at approximately ¥140 billion.
Domestic investment fund Polaris Capital Group was reported on the 30th to have entered the final stage of negotiations to acquire the Try Group, which operates Try, a home tutoring service. The acquisition is expected to be completed at a valuation of approximately ¥140 billion, with the target being the Try Group, owned by European fund CVC Capital Partners. This is a members-only article, and formal announcements are still awaited.
The Try Group operates Try, a home tutoring service, and Try Individual Classes nationwide, with more than 700 classrooms. It has been under CVC Capital Partners since 2021, and the article also mentions that an IPO is being considered as one option. Attention is focused on future formal announcements and the disclosure of the contract terms.