Mitsubishi Pencil Co., Ltd. (TSE:7976) reached an agreement to acquire C. Josef Lamy Gmbh from Vera Lamy and Markus Lamy on February 28, 2024. As of December 2023, Josef Lamy reported a net assets of ?42.7 million, total assets of ?80 million, sales of ?74.6 million, EBITDA of ?9.8 million, operating profit of ?5.2 million and net income of ?3.7 million. The board of Mitsubishi Pencil has approved the transaction.

The deal is expected to close on March 15, 2024. As on April 25, 2024, Board of Directors meeting held on April 25, 2024 to revise the consolidated earnings forecasts for the fiscal year ending December 31, 2024 (January 1, 2024 to December 31, 2024), which were previously announced on February 16, 2024. The acquisition is deemed to be completed on March 31, 2024.

Karl Fesenmeyer and Katja Schult of IMAP M&A Consultants AG acted as financial advisor to C. Josef Lamy Gmbh. Annika Clauss, Frank Burmeister, Vera Jungkind, Christian Dankerl, Markus Ernst, Christian Hoefs, Matthias Rothkopf from Hengeler Mueller Partnerschaft von Rechtsanwälten mbB and Hengeler Mueller acted as legal advisors to Mitsubishi Pencil Co., Ltd. (TSE:7976). Mori Hamada & Matsumoto LPC acted as legal advisor to Mitsubishi Pencil Co., Ltd. (TSE:7976).