Sunrise Capital II completes IPO of BayCurrent Consulting, Inc.



Tokyo – Friday 2 September, 2016 – CLSA Capital Partners, the alternative asset management arm of CLSA, is pleased to announce the IPO of BayCurrent Consulting, Inc. (“BayCurrent”) on the Tokyo Stock Exchange Mothers today. The IPO was completed by Sunrise II, the CLSA Capital Partners’ fund that invests in established, mid-cap companies with strong growth potential in Japan.

BayCurrent is a Tokyo-headquartered consulting firm regarded for its excellence in IT and digital domains. Sunrise II’s investment in BayCurrent was completed in June 2014. Since then, Sunrise II has been instrumental in supporting BayCurrent’s management to enhance the quality of BayCurrent’s services and organisation. As a result of these rigorous value enhancement efforts, along with the support of the management team and employees, BayCurrent has been successful in steadily expanding its scale and services. BayCurrent now boasts top-level profit margins within the consulting industry and is highly regarded for its innovative consulting approach.

Mr. Megumi Kiyozuka, Head of Sunrise Japan said: “Securing independent management and operations through an IPO is key to ensuring that BayCurrent continues to provide clients superior, customised and unbiased solutions. We would like to express our sincere appreciation to the management and employees for their hard work in achieving remarkable growth.”

Sunrise II remains committed to enhancing medium to long-term corporate value in its portfolio companies.