EmergeVest invests $20m in Asian apparel supplier

This is EmergeVest's third investment since its inception, bringing the total invested assets under management to more than $100 million.

JDU used a portion of the proceeds to buyout another private equity shareholder and the balance will go towards financing its growth plans. These include investing in its service-oriented merchandising team and R&D capabilities as well as production capacity expansion across a range of geographies.

EmergeVest intends to provide additional financing ahead of the company's IPO, which is planned for within the next 18-24 months.

JDU claims to be one of the world's largest supplies of fast fashion and casual apparel with 20,000 employees in Cambodia and China. Customers include H&M, Levi's, GAP, Dockers, Metersbonwe, Next, Uniqlo and Old Navy.

The company posted more than $300 million in revenue in 2011. Revenue is said to have grown more than tenfold since 2006.

"We have great confidence in JDU and its management team, and are pleased to partner with them again," said Heath Zarin, managing director of EmergeVest. "Due to its unique combination of scale and integrated services, JDU is a valued strategic partner to many of today's leading apparel brands and retailers."

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• Topics
• Expansion
• Industrials
• Greater China
• Southeast Asia
• Growth capital
• manufacturing
• China
• Cambodia