Aeria Inc. completed the acquisition of Cybird Co., Ltd. from Longreach Capital Partners 1, L.P., fund managed by The Longreach Group Ltd., Longreach Holdings Ireland Unlimited Company, Robert Kazutomo Hori and Longreach GP Commitment L.P.
June 27, 2018
Share
Aeria Inc. (JASDAQ:3758) concluded the share transfer contract to acquire Cybird Co., Ltd. from Longreach Capital Partners 1, L.P., fund managed by The Longreach Group Ltd., Longreach Holdings Ireland Unlimited Company, Robert Kazutomo Hori and Longreach GP Commitment L.P. for ¥7 billion on May 28, 2018. Under the terms of transaction, Aeria Inc. will acquire 0.21 million shares from Longreach Capital Partners 1, L.P., 0.02 million shares from Longreach Holdings Ireland Unlimited Company, 0.02 million shares from Robert Kazutomo Hori and 638 shares from Longreach GP Commitment L.P. The transaction will be funded from ¥2.7 billion raised from issuance of 29th series warrants. Upon completion, Cybird Co., Ltd. will become a wholly owned subsidiary of Aeria Inc. For the year ended March 31, 2018, Cybird Co., Ltd. had net assets of ¥3.2 billion, total assets of ¥5.3 billion, sales of ¥9.6 billion, operating profit of ¥213.4 million and net income of ¥121.5 million. The transaction is expected to be completed by June 28, 2018.
Aeria Inc. (JASDAQ:3758) completed the acquisition of Cybird Co., Ltd. from Longreach Capital Partners 1, L.P., fund managed by The Longreach Group Ltd., Longreach Holdings Ireland Unlimited Company, Robert Kazutomo Hori and Longreach GP Commitment L.P. on June 28, 2018. The consideration of ¥188 million will be funded ¥2.7 billion of funds for procurement funds by the Company's 29th warrants as funds for the share acquisition.
Aeria Inc. is a Japan-based company mainly engaged in information technology (IT) service business and content business. The Company operates through three business segments. IT service segment is engaged in the provision of an affiliate platform specializing in online electronic publishing, the development and management of systems for data service businesses such as managed hosting, and the operation of websites. Content segment is engaged in the development, distribution, and operation of smartphones and tabletsâ games, and the sale of drama compact discs (CDs), voice CDs, and character goods. Asset Management segment is engaged in planning, operation and management of real estate business, rental management business, accommodation facility, and related consulting business. It is also engaged in the investment business.
Aeria Inc. completed the acquisition of Cybird Co., Ltd. from Longreach Capital Partners 1, L.P., fund managed by The Longreach Group Ltd., Longreach Holdings Ireland Unlimited Company, Robert Kazutomo Hori and Longreach GP Commitment L.P.
AERIA INC. 
