Sakai Moving Service Co.,Ltd. agreed to acquire 27.51% stake in CANDEAL Co.,Ltd from Shinsei Creation Partners No. 2 Fund L.P., managed by Creation Capital Co., Ltd. for ¥1.3 billion.
August 11, 2022
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Sakai Moving Service Co.,Ltd. (TSE:9039) agreed to acquire 27.51% stake in CANDEAL Co.,Ltd (TSE:1446) from Shinsei Creation Partners No. 2 Fund L.P., managed by Creation Capital Co., Ltd. for ¥1.3 billion on August 12, 2022. The acquisition is expected to be closed on August 18, 2022.
CANDEAL CO., Ltd is mainly engaged in construction service related business. Construction service related business consists of repair service, building service for living environment, building service for commercial facilities, trading and distribution. The repair service consists of repair service for interior decoration materials and furniture in buildings. Building service for living environment includes periodic inspection of houses after moving and various maintenance services. Building service for the commercial facilities consists of services such as interior finishing work of commercial facilities, installation and interior of furniture of office relocation, as well as hotel furniture installation, furniture assembly and others. Trading and distribution includes sales of repair materials and sales of interior goods.
Sakai Moving Service Co.,Ltd. agreed to acquire 27.51% stake in CANDEAL Co.,Ltd from Shinsei Creation Partners No. 2 Fund L.P., managed by Creation Capital Co., Ltd. for ¥1.3 billion.
CANDEAL CO.,LTD 
