Kazuhiro Yamada is a Managing Director and Head of Carlyle Japan buyout advisory team. He is based in Tokyo.
Since joining Carlyle in 2001, Mr. Yamada has played a leading role in several of Carlyle’s successful investments, including Asahi Security Co. Ltd, Kito Corp., Rhythm Corp., Gakusei Engokai Co. Ltd, Covalent Materials Corp., AvanStarte Inc., Walbro Co., Ltd. and Simplex Inc.
Prior to joining Carlyle, Mr. Yamada was a Senior Vice President of Daiwa Securities SB Capital Markets Co. Ltd (“Daiwa”) where he engaged in cross-border M&A deals along with Lazard Freres. Prior to that, he worked in investment banking for five years, project finance for five years, and commercial banking for five years at Sumitomo Bank (currently "Sumitomo Mitsui Banking Corporation").
Mr. Yamada is a board member at ARUHI Corporation, and WingArc1st Inc.
Mr. Yamada received a B.S. from the Doshisha University in Kyoto, and completed the Stanford Executive Program at the Stanford Graduate School of Business in 2010.
David is a professor at Keio University Law School in Tokyo. He teaches a wide range of subjects including Comparative Corporate Law, International Business Transactions, and Corporate Governance & Risk Management. David’s research interests focus on corporate law, corporate governance and energy law & policy.
David previously served as a partner of Morrison & Foerster LLP, resident in Tokyo, and of O’Melveny & Myers LLP, resident in Los Angeles, Washington DC, and Tokyo. David was recognized by industry publications as a leading lawyer in the M&A and investment funds areas.
David attended Yale University (B.A. summa cum laude, with Distinction in Economics) and the University of Chicago Law School (J.D., with honors). He served as a judicial clerk to the Honorable Alfred T. Goodwin, Chief Judge, U.S. Court of Appeals for the Ninth Circuit, and the Honorable Anthony M. Kennedy, Associate Justice, Supreme Court of the United States.
He is Chief Executive Officer at Japan Post Investment Corporation, the direct private investment subsidiary of Japan Post Bank and Japan Post Insurance, established in February 2018. He is also Senior Managing Director at Japan Post Bank. He served as Visiting Professor at Research Institute for Science & Technology, Tokyo University of Science since June 2016. From 2007 to 2015, He spent seven and a half years at Government Pension Investment Fund, mainly as Director-General of Research Department and Investment Policy Actuary. He was responsible for investment strategy including strategic asset allocation and implementation of alternative investment. He had been served as Visiting Professor at Graduate School of Innovation Management, Tokyo Institute of Technology from April 2015 to March 2016. He has 28 year experiences in the public and private pension fund management since he joined Ministry of Health and Welfare in 1987. Between 1998 and 2001, he was deeply involved in the revamp of Japanese pension system, by legislating Defined Benefit Corporate Pension Act and Defined Contribution Pension Act. He is Certified Pension Actuary and holds BS in Mathematics from Sophia University.
Yukiko Sawa graduated from the College of Liberal Arts of International Christian University in 1988 and joined The Mitsubishi Bank (currently The Bank of Tokyo-Mitsubishi UFJ). She was assigned to the information development division to be engaged in client support, business tie-ups, and M&A advisory operations for about seven years. Sawa left the bank in 1995, and entered the Tuck School of Business at Dartmouth to earn her MBA in 1997. She joined Merrill Lynch Japan Securities in 1997 to be engaged in M&A advisory and equity raising businesses both in Tokyo and the U.S. She then moved to the investment banking division of J.P. Morgan in 2002 to be mainly engaged in M&A advisory business. After working with those U.S. investment banking firms for about 15 years, she joined Ajinomoto in 2012 to be responsible for operations on business portfolios, M&A strategy planning and promotion, and PMI promotion. She has been on the current position since July, 2015.
Richard Folsom founded Advantage Partners in Tokyo in 1992 with Taisuke Sasanuma. Between 1992 and 1997, they started and managed two new businesses, one a Value-Added Tax (VAT) reclaim service for corporations, formed with partners in New York and London with an operations center in Ireland and marketing hubs in New York and Tokyo, and the other an insurance brokerage and risk management business formed to sell new insurance products in the Japanese market as deregulation changed the dynamics of the industry. This company, Advantage Risk Management (TSE 8769) went public in Japan in December 2006.
In 1997, Richard and Taisuke established Japan’s first buyout fund, and Richard has since focused his time on the development of this private equity investment practice. In addition to the 1997 fund, subsequent funds were raised in 2000, 2003, 2007, 2009, 2013, and most recently in 2017. Through the funds, Advantage has made 70 buyouts and investments, of which they have successfully exited 50 and partially exited 4. Recent investments in Japan include the acquisitions of YARUKI Switch Group Holdings, Co., Ltd. (Individual tutoring schools, English language conversation schools, early childhood education) and Net Protections, Inc. (EC payment services provider). The firm’s investment activities have also expanded to Greater China and Southeast Asia, where recent acquisitions include Plastic Center Group, a Malaysia-based manufacturing company and Greenlight Education, a Shanghai-based children’s education company.
Before founding Advantage Partners, Richard’s previous experience was in management consulting with Bain & Company, primarily in their Tokyo office, where he accumulated eight years of experience in developing and implementing strategies for both foreign and domestic corporations in the Japanese market. Richard spent over 30 years in Japan and is now based in Hong Kong. He received his undergraduate degree in Japanese and Economics from Brigham Young University, and received an MBA degree from The Wharton School of the University of Pennsylvania.
Akira Fukuda is a Senior Managing Executive at Asahi Kasei Corporation. He is also Senior General Manager of the Planning & Coordination Department, Separators SBU.
He is currently in charge of the post-merger integration of Polypore International, a former public company in the US as well as the growth and development of Asahi Kasei’s lithium-ion and lead acid battery separator business. The acquisition of Polypore International was one of the projects he successfully completed while responsible for Asahi Kasei group’s mid-range growth strategy and corporate business development as General Manager, Strategy& Business Development. He joined Asahi Kasei Corporation in 1983.
Mr.Fukuda received a Master of Science degree in Management from the Stanford University Graduate School of Business in 1995. He also holds a B.S. in Agricultural Economics from The University of Tokyo.
Haruhiko Masuda is a Director & Executive Officer at Nakashimato, a founding company of Kewpie, where he is responsible for corporate planning and finance matters, among others. He played a central role in a few strategic cross-border transactions for the Group.
Mr. Masuda was the CEO & President of Gordon Brothers Japan prior to joining Nakashimato in 2014. At Gordon Brothers Japan, he was in charge of providing asset-based lending and advisory services to Japanese megabanks as well as blue chip companies.
Prior to that, Mr. Masuda was an investment banker for almost 30 years. His positions included Managing Director at the Royal Bank of Scotland, Senior Managing Director at Bear Stearns as well as General Manager of M&A Advisory Group at Mizuho Securities. He also served as CEO & President of Bridgeford Group in NYC. During his career he provided M&A advice to both Japanese and global companies.
He holds a Master of Laws (LLM) from Cornell Law School and a Bachelor of Laws from Waseda University.
Nancy Yu joined Merrill Corporation in June 2015. In her current role, she is responsible for Merrill’s overall business performance in the Asia Pacific Japan region. Putting a strong emphasis on understanding client needs and market opportunities, she directs product, client service and sales teams to focus on the requirements, priorities and investment that will accelerate growth across Merrill in Asia Pacific. Prior to this role, Yu was vice president, Portfolio Management for CITIC Private Equity Fund Management Company (CITICPE), headquartered in Beijing, where she oversaw business performance and built sales management capability for a number of business to business portfolio companies. Yu holds both Bachelor and Master degrees from the University of Hong Kong.
Mai Mizuta is the Asia-Pacific Editor for Mergermarket and oversees the management and editorial content of seven bureaus across Asia. She leads a team of dedicated journalists in the Asia-Pacific region covering mergers and acquisitions and private equity. Mai, who is also concurrently Japan Bureau Chief, has spearheaded private equity and live mid-market coverage in Japan. She has written a number of high-profile scoops involving blue chip companies such as Hitachi, Panasonic, Toshiba, Takeda, Asahi, and Fujitsu. Mai has 15 years’ of reporting and writing experience and has been based in Tokyo since 2008.
Norie Hata is chief correspondent for Dealreporter, an Acuris company, based in Tokyo. At Dealreporter, a sister product of Mergermarket, Norie analyzes live, expected and special sit situations of Japan’s major M&A deals. She has written numerous stories on such high-profile deals as Toshiba Memory, Hitachi Kokusai Electric, Asatsu-DK, PanaHome and Alpine Electrics.
Norie joined Dealreporter in 2005. Previously, she was a senior correspondent for Thomson Reuters’ IFR where she covered mainly fixed income and banking consolidation, and Nihon Keizai Shimbun (Nikkei)’s English language newspaper.
Raiha is Japan Editor of Mergermarket, leading a team of dedicated journalists in Japan reporting on corporate growth strategies, private equity buyouts and exits, cross-border M&A activities, and other M&A intelligence. Raiha joined Mergermarket in 2012. Since then, she has covered sectors including energy, infrastructure, logistics, consumer, tech and media as part of the Mergermarket Japan team, also contributing to the coverage for Inframation in 2016. Raiha is based in Tokyo.