American and European investment funds enter market, eyeing restructuring companies

20260108N Marunouchi

Investment firms are flocking to Japan as opportunities grow, with M&A deals involving Japanese companies reaching a record 33 trillion yen in 2025. (Photo by Sae Kamae)

AKIRA YAMASHITA, SHIKO UEDA and HARUKI KITAGAWA

LONDON/TOKYO — U.S. private equity group Advent International is reentering Japan after a decade and a half away, the latest in a wave of overseas investment firms hoping to tap opportunities in the country following widescale corporate governance reforms.