January 20, 2014

Tokio Marine Capital Invests Approx. JPY 1 Billion In Asplund

Tokio Marine Capital announced that TMCAP 2011 fund has invested in Asplund Co.

According to Tokio, "Asplund is operating OEM for furniture and interior merchandising and sales of imported furniture to commercial spaces such as hotels, restaurants, cafes, and public spaces, as well as its own lifestyle retail stores “TIMELESS COMFORT” and “212 KITCHEN STORE”. 

Nikkei reported that Tokio acquired a majority stake of Asplund for slightly over  JPY 1 billion.  The revenue for the FY ending October 2013 was JPY 11.2 billion.

Tokio Marine Capital's press release:
http://www.tmcap.co.jp/english/news/buyout/relaese_asplund_20140117_en.pdf

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