Open House Group Co., Ltd. (TSE:3288) made an offer to acquire Sanei Architecture Planning Co.,Ltd. (TSE:3228) from a group of shareholders for ¥43 billion on August 16, 2023. As per the transaction, Open House Group Co., Ltd. will pay ¥2025 per share to the shareholders of Sanei Architecture Planning Co.,Ltd. The transaction is subject to minimum tender. The transaction is expected to close on September 28, 2023. SMBC Nikko Securities Inc. acted as financial advisor to Open House Group Co., Ltd. City-Yuwa Partners acted as legal advisor and Frontier Management Inc. Fairness arm acted as financial advisor to Sanei Architecture Planning Co.,Ltd. Nagashima Ohno & Tsunematsu acted as legal advisor to Open House Group Co., Ltd.

Open House Group Co., Ltd. (TSE:3288) completed the acquisition of 93.01623% stake in Sanei Architecture Planning Co.,Ltd. (TSE:3228) from a group of shareholders for approximately ¥40 billion on September 28, 2023.