Zensho Holdings Co., Ltd. (TSE:7550) agreed to acquire Snowfox Group PLC from Mayfair Equity Partners LLP and others in a transaction valued at approximately $620 million on June 13, 2023. Post completion of this transaction Mayfair Equity Partners LLP will fully exit Snowfox. Snowfox's leadership team, including CEO Richard Hodgson, will remain with the business to work closely with Zensho's Senior Management.

The terms of transaction are to be confirmed and completion remains subject to customary closing conditions. Barclays PLC (LSE:BARC) acted as Financial Advisor to Zensho Holdings Co., Ltd. Scott A. Jalowayski of Gibson, Dunn & Crutcher LLP acted as legal advisor to Zensho Holdings Co., Ltd. Yunus Maka, David Smith, Matthew Duncombe, Ruth Williamson, David Richardson, Paolo Morante, and Rachel Hamilton DLA Piper LLP (US) acted as legal advisor to Snowfox