STJ advises on the JPY 12.5 bn IPO of Rise Consulting Group on the Tokyo Stock Exchange
2023
Rise Consulting Group provides consulting services through its mission statement “Produce Next” and assists in the “execution of strategies” and the “rise” of results and contributes to “co-producing the bright future” of its clients. Through its four consulting approaches, “Hands-on Style”, “Scopeless”, “More than Reports” and “Professional”, the Company provides a wide range of services entailing NewTech, digital, Fintech, new business cultivation, overseas expansion, M&A, operational reforms and PMO to leading domestic companies in various industries.
Rise Consulting Group has steadily expanded its business scale and has grown into a company made up of approximately 200 consultants. The Company has been praised for its hands-on, "scope-less" consulting services, and deep involvement with clients across a wide variety of industries. Rise Consulting Group has collaborated with clients to provide corporate strategy formulation, business reforms, and promote digitalization.
Sunrise III, private equity arm of CLSA Capital Partners, first invested in Rise Consulting Group, a Japanese management consulting firm, in December 2020. For the past three years Sunrise III has assisted in transforming the Company into a standalone entity following succession from its founder. This was achieved through the enhancement of internal control systems and an improvement in the company's governance structure.
This was an all secondary IPO representing sale of 47% of shares held by Sunrise III. The market capitalisation of Rise Consulting at IPO was JPY 21 bn (USD 140m).
The IPO of Rise Consulting is STJ's third completed IPO for CLSA Capital Partners having previously advised on the IPO of LifeDrink and AB&Company in 2021.
