Investment Overview

Investment timing: 2022/2
Deal type: Turnaround
Fund: AG III Series Funds
Status: Active

Investment Background / Post-Investment Activities

Investment Background

Japan Drilling Co., Ltd. is the only offshore drilling company in Japan and has contributed to society by playing a role in the stable supply of energy both domestically and internationally. The company was under the corporate reorganization process at the time, and Aspirant Group invested in the company as a sponsor under the corporate reorganization process, with the themes of stabilizing the management platform and bringing the corporate reorganization proceedings to an early conclusion.

Post-Investment Activities

Development of Infrastructure

  • Development of an accounting management system
  • Design/management of meeting structure
  • Development of Corporate Infrastructure (Support for corporate management through secondment of a business trustee in order to conclude the corporate reorganization process)

Rationalization

  • Improvement in Cash Management​ (Termination of corporate reorganization process through repayment of reorganization claims based on recovery of credit standing of the company)

Support for Growth

  • R&D/Capital Investment (Establishment of new businesses, such as CCS, that contribute to reducing environmental impact)