L Catterton to acquire a majority stake in Seki Furniture.

L Catterton, a consumer-focused investment firm, agreed to acquire a majority stake in Seki Furniture, a Japanese residential and commercial furniture company founded in 1968 and headquartered in Okawa. Financial terms are not disclosed. "We are delighted to welcome L Catterton, a firm with a strong global track record of investments in the consumer industry, as our partner. Going forward, we will work together with L Catterton to achieve further medium- to long-term growth and enhance our corporate value, while continuing to provide our customers with services and products that deliver lasting value," Hideki Haruta, Seki Furniture Chief Executive Officer.