Advent is acquiring JWB, a Japanese home care operator formed from Tsukui Corporation and Soyokaze. The seller is MBK Partners, marking Advent's first investment in Japan after opening a Tokyo office.

JWB operates over 1,100 care locations serving 110,000 monthly users across Tokyo and Kanagawa. The acquisition positions Advent in Japan's expanding elderly care market.

Private equity firms are increasingly targeting healthcare infrastructure in aging societies. The deal reflects growing interest in Japan's home care sector, which serves a rapidly aging population. Investors see long-term growth in care services as demographics shift.

With this move, Advent gains immediate scale in home care, a segment growing as Japan's population ages. The transaction highlights the appeal of healthcare assets in markets with demographic challenges, offering stable returns in essential services.