SILLC to sell GST AutoLeather to Advantage Partners
11 Apr '08
2 min read
Advantage Partners plans to support the company's market expansion strategies, including its pursuit of the fast growing China automotive market.
“We believe GST AutoLeather has significant growth potential in the key markets in which it currently competes, as well as in newer markets such as China and the rest of Asia.
We look forward to supporting management in executing its growth strategy globally,” shared Richard L. Folsom, Representative Partner at Advantage Partners.
Advantage Partners, which started providing services for the first buy-out fund in Japan in 1997, is known as a hands-on partner to its portfolio companies. Advantage recently opened its first office outside Japan in Hong Kong.
Goldman Sachs Japan Co Ltd acted as financial adviser to Advantage Partners. Lazard Freres & Co LLC acted as financial advisor to SILLC Holdings LLC.