Advantage Partners, a private equity investment firm, euglena, an investor, and Tokyo Century, a diversified leasing business, agreed to acquire Q’sai, a firm that sells and delivers Aojiru products directly to the customer, from Coca-Cola Bottlers Japan, a soft drinks distributor and producer. Financial terms were not disclosed. "Advantage Partners has a track record of more than 100 investments over 23 years, with investments in a diverse range of companies as a pioneer in the private equity investment market in Japan. We highly evaluate the tangible and intangible assets as well as growth potential of Q'sai, and we are very pleased that we have reached an agreement for this transaction. Also, this is the first joint-investment deal between Tokyo Century and AP and we think this will be a good reference for similar large-scale carve-out M&A deals which require funds and strategic business support. We will do our utmost to support the growth of Q'sai together with Euglena Co., which operates the business in this industry and our strategic partner, Tokyo Century," Toshiya Tsukahara, Advantage Partners Partner.