Ant Capital has acquired a majority stake in shoe manufacturer MoonStar from its founding family and from its business partners. MoonStar was established in 1873 and is one of Japan’s major shoe manufacturers. It has operations in Japan, China and Vietnam and developed its own brand. It also does contract manufacturing work for global shoe manufacturers such as K-Swiss, Burberry and Disney.
No financial details are disclosed. This is the second deal from Ant's 4th SME-focused buyout fund.
For those who are interested in cute kids shoes, please see: http://www.moonstar.co.jp/product/company.php
October 28, 2013
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