Polaris-backed apparel supplier files for bankruptcy
Fusen-Usagi Corporation,a children's apparel supplier backed by Polaris Capital Group, has filed for bankruptcy at Osaka Regional Court with JPY3 billion ($30 million) in debt.
Polaris paid around JPY2 billion for a 67% stake in the company in 2006, making the investment through its JPY29 billion maiden fund, which reached a final close in early 2005. Set up in 1921, Fusen-Usagi...
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