Support for Business Expansion of Crossfor Co., Ltd.
Growth Partners Co., Ltd. (“Growth Partners” or “we”) announces that GP Listed Company Investment Limited Partnership, a fund managed and administered by Growth Partners, has agreed to subscribe for stock acquisition rights (share warrants) and bonds with stock acquisition rights to be issued by Crossfor Co., Ltd. (“Crossfor”) through a third-party allotment. We also entered into a business alliance agreement (the “Business Alliance Agreement”) under which we will support Crossfor in planning and executing various initiatives to drive further growth.
Crossfor was established in 1987 with the objective of selling imported gemstones to jewelry manufacturers in Japan. The Crossfor Group consists of six companies in total: Crossfor and five consolidated subsidiaries. Leveraging proprietary technologies and product strengths—such as its patented “Dancing Stone,” “EXL-LOCK,” known for its stylish design and ease of attachment and removal, and its “tennis chain,” which enables mass production of high-quality products in-house—the group manufactures and sells jewelry and accessory products for the Japanese market and also manufactures and sells parts for overseas markets. In addition, Crossfor holds exclusive domestic sales rights for hollow chains manufactured by major overseas jewelry makers.
In its management strategy going forward, Crossfor aims to prioritize the allocation of management resources to its overseas business, implement management practices with a strong focus on production efficiency, and enhance brand value and build a new earnings model by strengthening its DtoC business. In this context, Crossfor determined it was essential to partner with a player capable of supporting corporate value enhancement from the perspectives of capital, know-how, and network, and accordingly chose to form a business alliance with Growth Partners.
Together, Crossfor and Growth Partners will pursue accelerated business expansion through support for growth strategy and business plan formulation, operational improvement initiatives, M&A and IR support, and overseas expansion support. By leveraging the know-how we have cultivated through a wide range of past support engagements, we will contribute to further enhancing Crossfor’s corporate value.
Overview of Crossfor Co., Ltd.
・Company name: Crossfor Co., Ltd.
・Representative: Hideyoshi Dobashi, President & CEO
・Head office: 7-11-4 Kokubo, Kofu-shi, Yamanashi, Japan
・Business: Manufacture and sale of jewelry and accessory products using Dancing Stone; manufacture and sale of parts for overseas markets; development, manufacture, and sale of new proprietary products
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