M&A Cases

Headquartered on the U.S. West Coast, this company operates a Direct-to-Consumer (D2C) athletic apparel business. It utilizes a vertically integrated model, managing the entire process from manufacturing to sales in-house. 【Key Strengths】 ・Stable Financial Growth: Consistently generates over JPY 1 billion in revenue and over JPY 100 million in EBITDA. As a high-growth enterprise, it projects revenue to exceed JPY 1.5 billion in 2025. ・High-Profit D2C Model: Generates 98% of sales through its proprietary website. It has established a highly profitable model (15% EBITDA margin) by effectively leveraging customer data. ・In-House Logistics: Owns a large-scale warehouse facility in Texas, enabling fully self-contained logistics and inventory management.

The target company is an e-commerce retailer that primarily manufactures and sells clothing and fashion goods. It releases a diverse range of products each season, including outerwear, knitwear, shirts, pants, and accessories. It designs its products in-house and is currently expanding its loyal fan base, primarily among young men. Its distribution channels are diverse, including stores on fashion e-commerce platforms such as MUSINSA, THE X SHOP, its own mall operation, and presence in major offline stores in Seoul.