South Korean buyout firm Vogo Fund has invested an additional sum of approximately $20 million in Novita, a Korean household appliance maker.
Cheonan-based Novita primarily manufactures electronic bidets, but other product lines include corded and cordless telephones, food waste disposals and humidifiers. The company booked revenues of about $70 million last year.
Vogo tops up investment in Korean bidet maker
The firm has invested an additional $20 million in Novita to take control of the company's core business. The investment is the firm’s last deal from the W500bn Vogo Fund.
