Detailed Description of Portfolio Companies of Fund III

NOVARESE, Inc.

Features Operates guest houses for wedding of “quality and simple modern taste” in local cities with low initial investment. This unique business model differentiates the company from its competitors enabling it to achieve high profitability and high growth rate.
Investment Pattern Going private MBO for Business Succession by acquisition of the shares from the founding owner and other existing shareholders via TOB.
Investment Theme To become a leading company in the industry by profit enhancement through operational improvement and by revenue growth through guest house additions and entry into related businesses utilizing the customer list of wedding business.

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