{"id":156528,"date":"2023-09-05T10:18:15","date_gmt":"2023-09-05T01:18:15","guid":{"rendered":"https:\/\/www.fukuoka-now.com\/?post_type=news&#038;p=156528&#038;lang=en"},"modified":"2023-09-05T10:18:15","modified_gmt":"2023-09-05T01:18:15","slug":"kitakyushu-city-pioneers-search-fund-partnership","status":"publish","type":"news","link":"https:\/\/www.fukuoka-now.com\/en\/news\/kitakyushu-city-pioneers-search-fund-partnership\/","title":{"rendered":"Kitakyushu City Pioneers Search Fund Partnership"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Kitakyushu City has entered into Japan&#8217;s first municipal partnership with search funds Yamaguchi Capital and Growthix Capital to help local SMEs with business succession. Unlike traditional M&amp;A, this model allows owners to pick their successors. The city will share data on SMEs in need of successors, while the funds aim to introduce suitable candidates. Growthix Capital has committed 4 billion yen to four such projects so far, while Yamaguchi Capital has invested nearly 2 billion yen in seven. Kitakyushu&#8217;s Mayor,<\/span><span style=\"font-weight: 400;\"> Kazuhisa<\/span><span style=\"font-weight: 400;\"> Takeuchi, is keen to set successful examples in business succession as 42% of local SMEs currently lack a designated successor. <\/span><b>Source: <\/b><a href=\"https:\/\/prtimes.jp\/main\/html\/rd\/p\/000000031.000044570.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PR Times <\/span><\/a><span style=\"font-weight: 400;\">\/<\/span> <a href=\"https:\/\/www.nikkei.com\/article\/DGXZQOJC044V60U3A900C2000000\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Nikkei<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-156537\" src=\"https:\/\/i0.wp.com\/www.fukuoka-now.com\/wp-content\/uploads\/2023\/09\/fnn_kitakyushu-moji-unsplash_2023_cl.jpg?resize=1400%2C933&#038;ssl=1\" alt=\"Kitakyushu City Pioneers Search Fund Partnership\" width=\"1400\" height=\"933\" srcset=\"https:\/\/i0.wp.com\/www.fukuoka-now.com\/wp-content\/uploads\/2023\/09\/fnn_kitakyushu-moji-unsplash_2023_cl.jpg?w=1400&amp;ssl=1 1400w, https:\/\/i0.wp.com\/www.fukuoka-now.com\/wp-content\/uploads\/2023\/09\/fnn_kitakyushu-moji-unsplash_2023_cl.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.fukuoka-now.com\/wp-content\/uploads\/2023\/09\/fnn_kitakyushu-moji-unsplash_2023_cl.jpg?resize=1024%2C682&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.fukuoka-now.com\/wp-content\/uploads\/2023\/09\/fnn_kitakyushu-moji-unsplash_2023_cl.jpg?resize=768%2C512&amp;ssl=1 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/>Photo by <a href=\"https:\/\/unsplash.com\/@tomom?utm_source=unsplash&#038;utm_medium=referral&#038;utm_content=creditCopyText\" rel=\"noopener\" target=\"_blank\">Tomo M<\/a> on <a href=\"https:\/\/unsplash.com\/photos\/qxgUhsZJmdY?utm_source=unsplash&#038;utm_medium=referral&#038;utm_content=creditCopyText\" rel=\"noopener\" target=\"_blank\">Unsplash<\/a><\/p>\n<p><span style=\"font-weight: 400;\">Stay informed with the latest Fukuoka &amp; Kyushu news and events in English. Sign up for our <\/span><a href=\"https:\/\/www.fukuoka-now.com\/en\/mailmagazine\/\"><span style=\"font-weight: 400;\">free weekly newsletter <\/span><\/a><span style=\"font-weight: 400;\">today and never miss a beat. Opt out anytime, your privacy is our priority. Get the inside scoop with <\/span><a href=\"https:\/\/www.fukuoka-now.com\/en\/mailmagazine\/\"><span style=\"font-weight: 400;\">The Now<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Summaries based on public content, errors may occur during translation. Images credited independently. Send feedback using <\/span><a href=\"https:\/\/www.fukuoka-now.com\/en\/contact\/\"><span style=\"font-weight: 400;\">this <\/span><b>form<\/b><span style=\"font-weight: 400;\">.<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kitakyushu City has entered into Japan&#8217;s first municipal partnership with search funds Yamaguchi Capital and Growthix Capital to help local SMEs with business succession&#8230;<\/p>\n","protected":false},"author":29305,"featured_media":156540,"comment_status":"closed","ping_status":"closed","template":"","tags":[],"class_list":["post-156528","news","type-news","status-publish","has-post-thumbnail","hentry","location-kitakyushu","news-category-business","en-US"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/news\/156528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/users\/29305"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/comments?post=156528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/media\/156540"}],"wp:attachment":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/media?parent=156528"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/tags?post=156528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}