Wayne Edy agreed to acquire remaining 80% stake in Pedes Investments Ltd. from Descente Ltd. (TSE:8114) for £7.1 million on February 6, 2020. Descente will transfer 2.5 million shares of Pedes Investments and will not own any shares after completion of the transaction. Share purchase agreement is planned to signed on February 6, 2020. The transaction was resolved by the Board of Descente on February 6, 2020. The transaction is expected to close on February 14, 2020. KPMG Corporate Finance LLP acted as financial advisor to Wayne Edy. Natsuko Sugihara, Masafumi Shikakura, Ling Ho and Iris Mok of Clifford Chance Law Office acted as legal advisor to Descente Ltd. (TSE:8114).