Misumi Investment Co., Ltd. announced that it expects to receive $87 million in funding from MISUMI Group Inc.
November 21, 2019
Share
Misumi Investment (Shanghai) Co., Ltd. announced that it will receive $87,000,000 in an equity round of funding on November 22, 2019. The transaction will include participation from returning investor MISUMI Group Inc. (TSE:9962). The transaction is expected to close in November 2020. Pursuant to the transaction the investor will retain 100% stake in the company. The capital of the company will increase from $3,000,000 to $90,000,000.
MISUMI Group Inc. is a Japan-based company mainly engaged in the factory automation (FA) business, the mold parts business, and the parts and consumables (MRO) business. The Company has three business segments. The FA segment is engaged in the manufacture and sale of shafts, bushes, linear guides, locating parts, pulleys stages and other standard parts for automatic equipment, as well as the development and provision of automatic positioning modules and various research equipment. The Metal Molding Parts segment is engaged in the development and provision of spring guides, ejector pins, core pins, guides, retainers and other standard mold parts for automotive, electronic and electrical equipment fields, as well as the provision of precision mold parts. The Variation & One-stop by New Alliance (VONA) segment is engaged in the general distribution business, as well as the provision of air pressure parts, piping parts, screws, bolts and other manufacturing materials and MRO products.