Polaris Capital acquired HITOWA Group from CVC.

Polaris Capital acquired HITOWA Group from CVC. Financial terms were not disclosed, however the deal is rumored to be valued at $456m. Established in 1997, Hitowa offers house cleaning, home visit rehabilitation and massage, elderly care and childcare support services. Yuji Kimura, Founder, President and CEO of Polaris Capital Group, said: "For the future growth of HITOWA Group, Polaris will offer the company its full support, working to raise its enterprise value by sharing know-how acquired through years of highly successful investments, including into service providers and franchise service businesses. After the share acquisition, Polaris will dispatch several senior officers to HITOWA Group and work with the existing management team and employees to strengthen its business, providing comprehensive business and financial support ahead of a future share listing."