Ant Capital will sell Honma Golf to PRC group
Ant Capital Partners, the Japanese private equity firm, and Milestone Turnaround Management, a Japanese business consulting firm specializing in turnaround situations, will jointly sell their more than 50% stake in Honma Golf Co., a privately-held golf equipment maker based in Tokyo, to Marion Holdings, a PRC-invested group.
Financial details were not disclosed. The new shareholder has been invested by Crest Group, a Beijing-based investment entity. Since its establishment in 1959, Homma Golf grew by developing golf clubs...
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