Private equity firms FountainVest and Unison Capital announced on December 2 that they had invested 100 billion RMB ($670 million) to acquire Japanese high-end jewelry brand Tasaki, marking FountainVest’s first investment in Japan. Founded in 1956, Tasaki has evolved from a pearl farming company into a comprehensive jewelry brand, with over 100 stores across multiple markets. In 2018, Tasaki acquired Japanese jewelry brand Ahkah. Previously, Tasaki was controlled by South Korean private equity firm MBK Partners, which acquired the brand’s preferred shares for 7 billion RMB ($47 million) in 2008.