VIG buys Korean sports shoe materials supplier
VIG Partners has acquired Youyoung, a Korea-based supplier of materials used in running shoes, for an enterprise valuation of KRW220 billion ($207 million).
The private equity firm is working in tandem with Youyoung’s founder and outgoing CEO, Hotae Chung, who will remain involved as the second-largest shareholder. He will become executive chairman of the...
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