Sumitomo Mitsui Trust Bank and Everglory Group, a Croesus Group
Company, reach agreement on a joint investment into Sumitomo Mitsui
Trust CapitalTransaction adds global outlook to mezzanine finance industry in Japan
Hong Kong/Tokyo, April 3, 2015 — Sumitomo Mitsui Trust Bank, Ltd. (“SuMi TRUST”) andEverglory Group Limited (“Everglory”), a Hong Kong-based company that is part of theCroesus Group, a Singapore-headquartered company specializing in real estate,transportation, infrastructure and financial asset management across Asia, today
announced an agreement whereby Everglory will acquire 95.1% of Sumitomo Mitsui Trust
Capital Co., Ltd. (“Sumitomo Mitsui Trust Capital”), a SuMi TRUST subsidiary thatspecializes in mezzanine finance. SuMi TRUST will maintain a 4.9% stake in the company,
in a deal that signifies the start of a business partnership between SuMi TRUST andEverglory.
Everglory is a new platform of the Croesus Group which will be initially focused on
mezzanine finance. Daniel Fujii, a veteran Japan-based alternative asset manager, with along career in private equity, banking and mergers and acquisitions advisory, is thePresident & Chief Executive Officer of Everglory. After the transaction closes, he will takeon the position of Chief Executive Officer of Sumitomo Mitsui Trust Capital.
Sumitomo Mitsui Trust Capital is based in Tokyo and is one of the top four firms in Japan
that: offers mezzanine financing for leveraged buy-outs, acts as a fund of funds for private
equity, and also invests directly in small private equity deals.
“As more and more Japanese companies are looking to make mid-sized acquisitions both
domestically and in international markets, the need for mezzanine finance for thesetransactions continues to grow. This is the right time to enter this business, and begin apartnership with SuMi TRUST, focused on helping Japanese and Asian companies growtheir businesses,” commented Daniel Fujii, CEO of Everglory.
Post-acquisition, Fujii plans to broaden the focus for Sumitomo Mitsui Trust Capital,expanding the mezzanine platform into new industry sectors and regions, as well asestablishing new investment initiatives focusing on infrastructure and real estate.
The transaction is expected to close by June 2015 and, has been approved by the Boardsof Directors of both companies.
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Edelman Japan, +81-3-4360-9000 (Lin/Hayden)

NOTES FOR EDITORS
About Everglory Group LimitedEverglory Group Limited (“Everglory”) is a member of the Croesus Group. Headquartered in HongKong, Everglory was founded in 2005 to establish a financial services platform to develop
investment businesses and financial advisory businesses globally.
Everglory board members include: Jim CW Chang, the Founder of The Croesus Group, R. David
Kelly, Chairman and Trustee of the Teachers Retirement System of Texas; Yo Takeuchi, FormerDirector and CFO of The Development Bank of Japan; and Hisashi Hara, Chairman of Nagashima,
Ohno & Tsunematsu.
For further information, please visit: www.everglorygroup.net
About Daniel Fujii, President & Chief Executive Officer of Everglory Group Limited.
Daniel Fujii was appointed President & CEO of Everglory in 2015. Prior to joining Everglory, Mr.
Fujii was the Representative Director for Blackstone Group Japan where he focused on
establishing the Blackstone franchise across its various businesses: private equity, real estate,credit, M&A advisory and corporate restructuring. Daniel led the Blackstone Charity efforts inJapan including support for entrepreneurship. Before Blackstone, Mr. Fujii spent six years atShinsei Bank as founder and head of its private equity practice. In addition, at Shinsei Bank, he was
the head of the mergers and acquisitions and corporate finance operations, chaired the merchantbanking committee, and served in several other capacities. He has served on the investmentcommittees for several private equity platforms dedicated to leveraged buyouts, retail,infrastructure, PIPES, corporate restructurings, and Greater China opportunities. He has served onthe boards of companies in retail, media contents, manufacturing, and technology. Mr. Fujii
received a BA from Harvard College and an MA from Harvard Graduate School of Arts and Sciences.
He serves as a board director of the Harvard Club of Japan, an advisor to J-Seed, a Japanese
incubator for entrepreneurs. He also serves on the Board of Councilors for the U.S. – Japan Council.
About Sumitomo Mitsui Trust Bank, Ltd.
Headed by President Hitsohi Tsunekage, Sumitomo Mitsui Trust Bank, Ltd. is the core trust bank atthe center of Sumitomo Mitsui Trust Holdings, Inc. For further information please visit:
http://www.smtb.jp/tools/english/

2|P a g eAbout The Croesus GroupThe Croesus Group is comprised of Croesus International Incorporated (“CII”) established in HongKong in 2004, and Croesus Merchants International Pte., Ltd. (“CMI”), a Singapore-based entity. InMay 2013, CMI sponsored its first publicly-traded vehicle, Croesus Retail Trust (“CRT”), a businesstrust with a portfolio of seven Retail Malls in Japan that is listed on the Singapore Stock Exchange.
Mr. Chang also serves as Chief Executive Officer of Croesus Retail Asset Management Pte. Ltd. (thetrustee-manager of CRT).
Strategic partners of the Group include top financial institutions, a leading Japan and U.S. Real
Estate Developer, a Japanese trading company and other leading international transportationcompanies. Important mandates for the Group have included:

Asset manager of a US$500 million residential real estate fund in Japan for a leading
financial institution from 2007 to 2010
Advised world class clients in their acquisition strategy of over US$2 billion of hospitality
assets in Asia in 2006
Currently asset manager through its Japan Asset Manager of a US$3 billion general realestate fund in Japan

Mr. Chang is the Chairman and Founder of Croesus International from August 2004 and CoFounder of Croesus Merchants International from February 2010 and has over 10 years of Asian
real estate experience. He began his career in 1990 negotiating sea port control rights, airline
landing rights and strategic investments with foreign governments on behalf of the Evergreen
Group. Jim has served on the Advisory Board, or as an Advisor to, leading Asian institutions andorganizations, notably Taiwan High Speed Rail Corporation from 2004 to 2010 and Evergreen
Group from 2007 to 2011.
For further information, please visit: croesusgroup.com

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