Ricoh Leasing Co., Ltd. has acquired a 15% stake in Feed Corporation, enhancing its strategic partnership aimed at innovating financial services for dental practices in Japan.
Target Company Overview
AP67 Corporation, a company under the Advantage Partners Fund (hereafter referred to as 'AP Fund'), has recently welcomed Ricoh Leasing Co., Ltd. (TSE: 8566) as a capital investor. Following this investment, Ricoh Leasing now holds a 15.0% stake in the total issued shares of AP67, which operates in the distribution of dental materials and related services through its subsidiary, Feed Corporation (hereafter referred to as 'Feed').
Feed Corporation Overview
Founded in 1987, Feed pioneered the first mail-order catalog for dental clinics in Japan. Since then, it has been an innovator in the dental distribution industry, contributing significantly to advancements in dental and oral healthcare. In recent years, the company has focused on enhancing customer convenience, primarily through its online platform, 'FEED Dental', ensuring faster delivery of high-quality products at competitive prices.
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Industry Overview in Japan
The dental industry in Japan has been undergoing a transformation, driven by technological advancements and evolving consumer preferences. The growth of e-commerce has significantly impacted the traditional
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Ricoh Lease Co., Ltd.
invested in
Feed Inc.
in 2023
in a Corporate VC deal