Kohnan Shoji Co., Ltd. (TSE:7516) signed a contract to acquire 98.2% stake in Ken Depot Corporation from LIXIL Corporation along with Unison Capital Partners IV, LPS and Unison Capital Partners IV(F), L.P. funds managed by Unison Capital, Inc. for ¥24 billion on April 23, 2019. Kohnan Shoji Co., Ltd. will acquire 62.7 million common shares, 36 million Class A preferred shares and 17.9 million stock acquisition rights. Board of Directors of Kohnan Shoji resolved the transaction on April 23, 2019. The transaction is subject to process stipulated in the Act on Prohibition of Private Monopoly and Securing Fair Trade (Antitrust Law) being completed. The transaction is expected to complete on June 3, 2019. Daiwa Securities Group Inc. acted as a financial advisor to Unison Capital, Inc. DC Advisory acted as a financial adviser to Unison Capital.