Japan Pulp and Paper Company Limited (TSE:8032) agreed to acquire 51% stake in PagePack (AU) Pty Limited from PagePack LP for AUD 74.9 million on April 12, 2017. Under the terms of the agreement, 8.1 billion shares of will be acquired. In a related transaction, PagePack (AU) Pty Limited will acquire PagePack (NZ) Limited and K.W. Doggett & Co Pty Ltd. PagePack (AU) Pty Limited reported annual sales of AUD 287.14 million for the year ended March 31, 2016. The Board of Japan Pulp and Paper Company approved the transaction and expected to close by July 2017. Kiyoshi Endo, Satoshi Abe and Tatsuya Niwa of the Tokyo team while Lawrence Mendes and Ben McLaughlin of the Sydney team of Baker & McKenzie (Gaikokuho Joint Enterprise) acted as legal advisors for Japan Pulp and Paper Company Limited (TSE:8032). Peter Dunne, Sami Wilson and Claire Bamford of Herbert Smith Freehills acted as legal advisors to PagePack (AU) Pty Limited. Moelis Australia Advisory Pty Ltd acted as financial advisor to Ball & Doggett Group Pty Ltd. Grant Samuel Group Limited acted as the financial advisor to PagePack (AU) Pty Limited.