Virbac SA (ENXTPA:VIRP) entered into a definitive agreement to acquire Sasaea Holdings Co., Ltd. from ORIX Corporation (TSE:8591) for an enterprise value of approximately ?280 million on March 6, 2024. The annual revenues of Sasaea Holdings Co., Ltd. were about ?75 million. The transaction is expected to close by the beginning of April 2024.

Nomura acted as financial advisor to Virbac in this transaction and Hogan Lovells acted as its legal advisor.