Advent announced an agreement to buy Japan Wellbeing (JWB), one of Japan’s largest home‑care operators, from MBK Partners. The transaction gives the firm its first foothold in Japan, after opening an Advent office in Tokyo. Terms remain undisclosed, and the deal is slated to close in the third quarter of 2026 pending regulatory clearances. The purchase aligns with Advent’s push to diversify beyond North America.

Japan’s population is aging faster than any other major economy, driving steady demand for high‑quality, in‑home services. Investors view the sector as both sizable and resilient, with insurers and municipalities expanding contracts to meet rising needs. The sector’s revenue has risen steadily, outpacing GDP growth. By acquiring JWB, Advent secures an immediate platform to capture that growth without building a business from scratch.

With a Tokyo base already in place, Advent can integrate JWB’s existing network of facilities and staff into its global operational playbook. The move signals heightened private‑equity interest in Japan’s elder‑care market and could prompt rivals to chase similar assets. The acquisition positions Advent to profit from Japan’s demographic tailwinds starting 2026.