BCJ-81 completed the acquisition of the remaining unknown majority stake in T-Gaia Corporation from a group of shareholders for approximately ¥32 million.
November 19, 2024
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BCJ-81 proposed to acquire unknown minority stake in T-Gaia Corporation (TSE:3738) from a group of shareholders on September 30, 2024. A cash consideration valued at ¥2,670 yen per common share will be paid by Bain Capital Private Equity, LP. Bain Capital Private Equity, LP intends to make a squeeze out merger. The transaction is subject to minimum tender. The Board of Directors of T-Gaia Corporation formed a special committee for the transaction. The expected completion of the transaction is November 20, 2024.
BCJ-81 completed the acquisition of 20.98% stake in T-Gaia Corporation (TSE:3738) from a group of shareholders for approximately ¥32 million on November 20, 2024. As a result of the Tender Offer, 11,718,929 shares of the Company's stock were applied for, and the total number of shares of the Company applied for the Tender Offer exceeded the minimum number of shares to be purchased (7,076,300 shares), and the Tender Offer was completed, and therefore all of the shares were acquired. As a result, if the Tender Offer is settled, the ratio of the number of voting rights held by the Offeror to the number of voting rights of all shareholders of the Company will exceed 20% on November 27, 2024 (the commencement date of settlement of the Tender Offer), and the Offeror will newly become one of the Company's other affiliates and major shareholders. The Purchase Period commenced on October 1, 2024 and closed on November 20, 2024 (35 business days).
T-Gaia Corporation is a Japan-based information technology (IT) company. The Company operates in three business segments. The Mobile segment provides subscription agency services for mobile phone users to join communication network, and distributes mobile phones to general consumers. The Solution segment sells mobiles phones and provides terminals and communication line management services for corporate customers, as well as line service agency services for both corporate and individual customers. The Payment segment is engaged in the sale of gift cards and electronic money products using the PIN sales system through domestic convenience stores.
BCJ-81 completed the acquisition of the remaining unknown majority stake in T-Gaia Corporation from a group of shareholders for approximately ¥32 million.
T-GAIA CORPORATION 
