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Unitas Capital acquires minority stake in Korean firm NEPA
13 Jun '12
1 min read
Unitas Capital, one of the pioneers of the Asian buyout market, has announced that it would acquire minority stake in South orea’s NEPA Company Ltd., which designs apparel and equipment and its products are offered in over 300 retail stores.
Unitas said it would invest US$ 162.4 million in NEPA to gain from the current boom in Korea, considered to be the world’s second biggest outdoor apparel and equipment market.
In 2011, NEPA earned US$ 255 million in sales and its same-store revenue grew by over 40 percent per annum for the past two years.
Unitas, which has US$4 billion in capital under management, expects to close the deal with NEPA during the next fortnight.
The deal will make Unitas the second largest shareholder in NEPA and the majority share would still remain with the company’s CEO Hyung Seob Kim.
South Korea’s outdoor apparel and equipment industry has annual turnover of US$ 3.1 billion and is growing at 19 percent a year.
Fibre2fashion News Desk - India
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