News Feed Item

ClearVue Partners Leads Round of Financing for Akasakatei, China's Leading All-Inclusive Teppanyaki, BBQ and Japanese-cuisine Restaurant

Family-Run Business Aiming for Over 40 Locations in China by End of 2014

SHANGHAI, April 22, 2014 /PRNewswire/ -- Akasakatei, China's leading all-inclusive Teppanyaki, BBQ and Japanese-cuisine restaurant announced today that it has completed a round of financing, raising USD$ 10 million, led by ClearVue Partners, a private equity fund targeting fast growing and promising consumer companies in the Greater China region. With growing traction in Shanghai and Beijing, Akasakatei -- known for its best-in-class beef -- is the go-to teppanyaki, BBQ and Japanese-cuisine restaurant for China's upwardly mobile consumers. Akasakatei will use the financing round to accelerate the company's growth in Shanghai, Zhejiang, Jiangsu and Beijing.

Akasakatei’s Best-in-Class Beef

Akasakatei is a high-growth company in a quickly-growing sector; they expect to add 15 to 20 locations in 2014 -- with the overall aim of opening a total of over 40 locations in China by the end of 2014. The restaurant's competitive advantages include strong brand positioning, best-in-class beef and premium seafood, a loyal clientele and supportive landlords.

"We're thrilled to close this financing round and to work with ClearVue Partners. We have been deeply impressed with ClearVue Partner's experienced management team and their understanding of China's restaurant sector," said Mr. You Zhongwang, founder and CEO of Akasakatei.  "We believe that there is strong and increasing consumer demand in China for teppanyaki, BBQ and Japanese-cuisine in elegant yet conveniently-located environments," he said.

According to a report in the SCMP: "China's economy, boosted by a wave of growing middle-class wealth, is undergoing a significant shift in consumption, driven by a new generation of young, prosperous and independent consumers. The country's huge population and strong economic growth will make it the world's powerhouse of middle-class consumerism over the next two decades." China's restaurant industry, in particular, has experienced rapid growth. The industry has grown at 19 percent CAGR over the past decade, outpacing retail growth of 14 percent over the same period. It is estimated the restaurant industry will grow to RMB 4 trillion by 2015. According to research, Japanese-style food is one of the top five cuisines preferred by Chinese customers.

Akasakatei's founder, Mr. You Zhongwang hails from Jianyang, Fujian Province -- very close to the world famous Wuyi Mountains. Mr. You's compelling life story, winning personality and the engaging story of how he started his businesses impresses both his employees and partners. Prior to founding Akasakatei's, he and his family worked in the beef trading business, where he gained extensive first-hand knowledge about best-in-class and beef supply operations. Mr. You's dedication and commitment to high-quality beef can only be described as a passion. Mr. You said: "We're customer-oriented and product-oriented and our best-in-class beef is the key to Akasakatei's success."

"Nothing can replace the value of persistence," said Mr. You. "Not talent, not even genius - persistence is the key to success," he said.  Akasakatei's employees also live these values and practice this spirit of perseverance.

"Chinese consumers are demanding higher quality food and more innovative dining experiences -- and they are buying into brands with a strong profile and identity. Akasakatei is the leading Japanese all-inclusive teppanyaki, BBQ and Japanese-cuisine brand in the full service dining segment," said Harry Hui, Managing Partner of ClearVue Partners. "Mr. You is a seasoned professional, runs a very tight operation and is respected by his employees. His execution has been truly impressive," he said.

About Akasakatei

Founded May 18, 2008 in Shanghai, Akasakatei is China's leading all-inclusive teppanyaki, BBQ and Japanese-cuisine restaurant. In addition to Akasakatei, the company also owns the distinct and soon-to-launch restaurant brand ShiYuan, a lighter, healthier approach to modern dining.  With 25 elegant restaurants in Shanghai,  Nanjing, Ningbo, Beijing and other major cities, Akasakatei's success comes from its core commitment to providing customers with best-in-class beef, a wide variety of menu items and excellent service from its 800 dedicated "family of employees."

About ClearVue Partners

ClearVue Partners is a private equity fund focused on investments in the fast growing and dynamic consumer sector in the Greater China region, primarily in the food and beverage, consumer lifestyle, and consumer internet/mobile sub-sectors. ClearVue Partners targets growth stage investments in fast growing and promising local companies, enables market entry for leading international consumer brands into China, and develops top-tier brands and businesses. The ClearVue Partners team has a unique combination of investment and senior operations experience from the US and Greater China, with an advisory group of recognized business pioneers in the consumer industry.

For more information, please visit www.cvpcap.com

For more information or high resolution images, please contact:

Kathleen Ying
[email protected]
Mobile: +86-1862-130-3636
Tel: +86-21-5031-8996

Adam Steinberg
[email protected]
Mobile: +86-1358-157-4802
Tel: +86-10-8569-9964

Photo - http://photos.prnewswire.com/prnh/20140423/77467

SOURCE ClearVue Partners

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DevOps theory promotes a culture of continuous improvement built on collaboration, empowerment, systems thinking, and feedback loops. But how do you collaborate effectively across the traditional silos? How can you make decisions without system-wide visibility? How can you see the whole system when it is spread across teams and locations? How do you close feedback loops across teams and activities delivering complex multi-tier, cloud, container, serverless, and/or API-based services?
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Qosmos, the market leader for IP traffic classification and network intelligence technology, has announced that it will launch the Launch L7 Viewer at CloudExpo | @ThingsExpo Silicon Valley, being held November 1 – 3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The L7 Viewer is a traffic analysis tool that provides complete visibility of all network traffic that crosses a virtualized infrastructure, up to Layer 7. It facilitates and accelerates common IT tasks such as VM migra...
The Quantified Economy represents the total global addressable market (TAM) for IoT that, according to a recent IDC report, will grow to an unprecedented $1.3 trillion by 2019. With this the third wave of the Internet-global proliferation of connected devices, appliances and sensors is poised to take off in 2016. In his session at @ThingsExpo, David McLauchlan, CEO and co-founder of Buddy Platform, discussed how the ability to access and analyze the massive volume of streaming data from millio...
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Enterprises have been using both Big Data and virtualization for years. Until recently, however, most enterprises have not combined the two. Big Data's demands for higher levels of performance, the ability to control quality-of-service (QoS), and the ability to adhere to SLAs have kept it on bare metal, apart from the modern data center cloud. With recent technology innovations, we've seen the advantages of bare metal erode to such a degree that the enhanced flexibility and reduced costs that cl...
“Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CloudBerry Backup is a leading cross-platform cloud backup and disaster recovery solution integrated with major public cloud services, such as Amazon Web Services, Microsoft Azure and Google Cloud Platform.
In the next forty months – just over three years – businesses will undergo extraordinary changes. The exponential growth of digitization and machine learning will see a step function change in how businesses create value, satisfy customers, and outperform their competition. In the next forty months companies will take the actions that will see them get to the next level of the game called Capitalism. Or they won’t – game over. The winners of today and tomorrow think differently, follow different...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...