Unison Capital Partners V (J), L.P. and Unison Capital Partners V, LPS managed by Unison Capital, Inc. made an offer to acquire N FIELD Co.,Ltd. (TSE:6077) for ¥15.5 billion on February 5, 2021. Unison Capital will pay ¥1200 per share. The resolution of the Board of Directors of N FIELD intends to make N FIELD a wholly owned subsidiary of Unison Capital, Inc. Post-closing, the share of N FIELD will be delisted.

The transaction was approved by the Board of Directors of N FIELD and it was recommended to the shareholders to apply for the tender offer. N FIELD appointed a special committee which include Hiroshi Maeno, Masakazu Mimura and Yuichi Hirano. The tender offer is expected to run between February 8, 2021 and March 23, 2021.

The transaction settlement date is March 30, 2021. SMBC Nikko Securities Inc. and Plutus Consulting Co., Ltd. acted as a financial advisor and Kitahama Partners acted as a legal advisor to N FIELD. Masahisa Ikeda of Shearman & Sterling LLP acted as legal advisors to Unison Capital, Inc.