• Portfolio
  • Yumex Inc.(Current company name: TSUNAGU MATCHING SUCCESS Inc.)

Investment Overview

Investment timing: 2018/8
Exit timing: 2019/6
Deal type: Carve-Out
Fund: AG II
Status: Exit

Investment Background / Post-Investment Activities

Investment Background

Yumex is a recruitment solutions company that produces/publishes job advertisement flyers to be inserted in newspapers and local magazines and provides Recruitment Process Outsourcing (RPO) services. In response to the business carve-out needs of its parent company, Recruit, Aspirant Group invested in the company to support its independence from the former parent company and to strengthen its RPO business.

Post-Investment Activities

Development of Infrastructure

  • Development of an accounting management system
  • Design/management of meeting structure


  • Reallocation of Management Resources (Integration of sites)
  • Improvement in Productivity – Cost reductions (Promotion of in-house production)

Support for Growth

  • Sales Support/Sales Channel Expansion, etc. (Strengthening of sales of media other than newspaper inserts)
  • Sales Support/Sales Channel Expansion, etc. (Strengthening of new business (RPO business))


In 2019, Yumex became a wholly owned subsidiary of Tsunagu Group Holdings, an RPO business with synergies, as they evaluated Yumex’s customer base/user base and matched their need to expand its operations to become a “platform company in the recruitment market.”