IBJ, Inc. made an offer to acquire Zwei Co., Ltd. from Aeon Co., Ltd. and other shareholders for ¥3.5 billion.
March 10, 2020
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IBJ, Inc. (TSE:6071) made an offer to acquire Zwei Co., Ltd. (TSE:2417) from a group of sellers for ¥3.5 billion on March 11, 2020 in a tender offer transaction. The tender offer price is ¥884 per share. The Tender Offeror has set a tender offer period of 31 business days.
The minimum number of shares to be acquired is 2.64 million, representing 66.7% stake. As a result of this acquisition, Zwei's shares will be delisted from the tokyo stock exchange through prescribed procedures and will be wholly owned subsidiary of IBJ, Inc. Board of IBJ approved the offer. Zwei Co., Ltd. recommended the shareholders to tender their shares in the offer.
Maxus Corporate Advisory Co., Ltd acted as a financial advisor to IBJ, Inc. AGS Consulting acted as a financial advisor to Aeon and Zwei. TMI acted as legal advisor to special committee. Citi-Yuwa Partners acted as legal advisor to Zwei.
Mizuho Securities Co acted as transfer agent to the deal.
IBJ, Inc. is engaged in the comprehensive life design company business, focusing marriage business. The Company operates in two segments. The Marriage segment consists of corporate business, franchise business, engaged in the provision of application service provider (ASP) network system for marriage agencies and the members, FC business, engaged in the development of FC affiliated stores to strengthen marriage infrastructure, community business, engaged in the renewal, maintenance and operation of marriage site, as well as the lounge business, engaged in the operation of marriage consultation lounge. The Life Design segment includes wedding business, engaged in the information magazine issuance and provision of advertisement publishing service to wedding related corporation, travel business.
IBJ, INC. 
