Quzilla Capital is a new breed of private equity fund that invests in Small to Medium-sized Enterprises (“SMEs”) in Japan. We focus our investments on potential targets that will benefit from our unique set of value-adding methods centered around digitalization and globalization.
By re-aligning the portfolio companies' business structure along digital and global strategies, we accelerate their revenue and earnings growth, thereby improving cash flows and exit valuation multiples for the benefit of all stakeholders.
We believe our unique methodology, which combines our extensive experience in finance and digital, as well as a deep understanding of the Japanese SME market will enable Quzilla Capital to achieve superior risk-adjusted returns for investors, while preserving our core belief that all stakeholders, including the employees of our portfolio companies, will benefit.
Co-founder and CEO
Shinji Takeuchi co-founded Quzilla Capital in April 2018 after successfully exiting his holding in IMJ, one of Japan’s largest full-service digital marketing companies, to Accenture Digital.
In the IMJ transaction, Mr. Takeuchi came up with the original plan and gathered a group of investors to create an SPC, then secured an LBO loan of JPY2.7bn from Sumitomo Mitsui Banking Corporation to take JASDAQ-listed IMJ private through a tender offer. Meanwhile he became CFO (and later CEO) of IMJ, which, at the time, had been suffering from four straight years of net loss with a rapidly declining top line. He brought financial discipline, strategic focus and organizational realignment to the company, and this culminated in six consecutive years of record profit from 2012 to 2017. Accenture acquired IMJ in 2016 at a hefty premium.
Prior to leading the IMJ investment, Mr. Takeuchi was a co-founder/partner at Crosspoint Advisors, Japan’s leading independent M&A advisory/investment fund. Before co-founding Crosspoint Advisors, he was a vice president at Lehman Brothers and was also the president of a boutique investment bank he founded in 2003 at the age of 27.
He started his career in 1998 at Lehman Brothers as an analyst in the M&A group, and later joined Morgan Stanley (1999-2003), where he worked on a variety of M&A and restructuring assignments in both Tokyo and New York.
He received a BA in International Relations and Economics from Claremont McKenna College, where he graduated magna cum laude and was elected to Phi Beta Kappa.
Co-founder and CIO
Kenichi Ishikawa co-founded Quzilla Capital and became its Chief Investment Officer after a successful career in buyout and management consulting at Nozomi Capital Partners, a principal investment fund/consultancy that he founded in 2015, and at J-STAR, one of Japan's leading private equity firms that focuses on SMEs.
At J-STAR, Mr. Ishikawa was involved in all phases of the investment cycle, including sourcing, acquisition, value-add initiatives and exit. He was instrumental in securing outstanding returns on numerous investments, including Olive des Olive (ROI of 3.1x) and BURN Repair (ROI of 8.0x). The two companies achieved a significant growth in both sales and earnings under his supervision.
Prior to joining J-STAR, he was a manager at Yamada Consulting Group, an independent full-service management/tax/accounting consultancy, where he was involved in the planning and execution of business strategy, business turnaround and the operational improvement of SMEs. He also led various due diligence efforts in such industries as consumer goods, business services, construction, healthcare and the public sector.
He started his career in 2000 at Jardine Fleming, where he was engaged in pension fund evaluation and sales support.
He has 12 years of experience in private equity and 11 years in management consulting. He received a BA in Commerce from Hitotsubashi University.