The management agreed to acquire Katakura Industries Co.,Ltd. from Oasis Management Company Ltd., and others for ¥72.1 billion in a management buyout transaction.
November 07, 2021
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The management agreed to acquire Katakura Industries Co.,Ltd. (TSE:3001) from Oasis Management Company Ltd., and others for ¥72.1 billion in a management buyout transaction on November 8, 2021. Pursuant to the terms of the transaction, the management offered to acquire Katakura Industries Co.,Ltd., shares at ¥2,150 per share. The management is expected to purchase minimum 22.146 million shares of Katakura Industries Co.,Ltd. The transaction is subject to approval by a majority of minority shareholders. Board of Katakura recommended the shareholder. Post completion, Katakura Industries Co.,Ltd. will be delisted. Tender offer will begin on November 9, 2021 and will end on December 21, 2021. Settlement will start on December 28, 2021. As per update on December 21, 2021, offer period has been extended to January 11, 2022.
Nakamura, Tsunoda & Matsumoto acted as legal advisor and KPMG Advisory N.V. acted as financial advisor to Katakura Industries Co.,Ltd. Hibiya Park Law acted as legal advisor to buyers. Benedi Consulting acted as financial advisor to buyers. Mizuho Securities Co., Ltd. acted as tender offer agent.
Katakura Industries Co.,Ltd. is a Japan-based company mainly engaged in the real estate operation and leasing, as well as the manufacture and sale of mechanical maintenance products and auto parts. The Company operates through four business segments. The Textile segment is engaged in the manufacture and sale of underwear, socks, silk products, casual innerwear, adjusted underwear and functional fibers, as well as the brand licensing business. The Pharmaceutical segment manufactures and sells ethical drugs. The Machinery-Related segment manufactures and sells fire trucks, automobile parts, agricultural machinery and imports and sells petroleum products. The Real Estate segment operates shopping centers and rents real estate. The Company is also involved in the home improvement, building management services, sales of flower visiting insects, low potassium lettuce, production and sales of Hanabiratake and day services.
The management agreed to acquire Katakura Industries Co.,Ltd. from Oasis Management Company Ltd., and others for ¥72.1 billion in a management buyout transaction.
KATAKURA INDUSTRIES CO.,LTD. 
