We are pleased to announce that Unison Capital Partners IV, LPS and Unison Capital Partners IV (F), L.P. (collectively, “Unison”) have completed the transfer of all business associated with Yuko Yuko Holdings, Inc (“Yuko Yuko”) to a newly established subsidiary of Japanet Holdings Co., Ltd. in the form of a corporate split.

Yuko Yuko operates a travel agency business specializing in hot spring resorts in Japan. In August 2016, Unison acquired Yuko Yuko from Recruit Group as part of supporting a management buyout. Through unprecedented challenges posed by the COVID-19 pandemic, Unison, in collaboration with all stakeholders of Yuko Yuko, provided comprehensive support strengthen Yuko Yuko’s financial position towards its next phase of growth.

We are confident that Yuko Yuko will further expand and advance its business in its next phase of growth under the support of its new shareholder.