ZIGExN Co., Ltd. entered into an agreement to acquire Apple World, Inc. from Ant Catalyzer No. 4, a fund managed by Ant Capital Partners Co., Ltd. and Catalyzer Partners IV, L.P., a fund managed by Ant Global Partners (HK) Ltd. for ¥1.4 billion.
January 15, 2018
Share
ZIGExN Co., Ltd. (TSE:3679) entered into an agreement to acquire Apple World, Inc. from Ant Catalyzer No. 4, a fund managed by Ant Capital Partners Co., Ltd. and Catalyzer Partners IV, L.P., a fund managed by Ant Global Partners (HK) Ltd. for ¥1.4 billion on January 15, 2018. ZIGExN Co., Ltd. will acquire 0.019 million shares. Ant Catalyzer No. 4, a fund managed by Ant Capital Partners Co., Ltd. and Catalyzer Partners IV, L.P., a fund managed by Ant Global Partners (HK) Ltd. will transfer 86.76% and 11.62% stake respectively. Upon completion, Apple World, Inc. will become subsidiary of ZIGExN Co., Ltd. For the year ended March 2017, Apple World, Inc. reported total assets of ¥2.2 billion, net assets of ¥558 million, revenue from operations of ¥719 million, operating loss of ¥101 million, and net loss of ¥122 million. The transaction was resolved by the board of directors of ZIGExN Co., Ltd. on January 15, 2018. The transaction is expected to close on February 9, 2018. Koichiro Yasuda, Jeff Acton, Matthew Doull, Toshiaki Yokohara, Philip Lazar, Saki Muto and Alissa Schneideman of BDA Partners acted as financial advisor to Ant Capital Partners Co., Ltd.
ZIGExN Co.,Ltd. is a Japan-based company primarily engaged in life media platform business which integrates the information on multiple media. The Company operates in two business segments. Its Life Media Platform segment is engaged in the development, operation and maintenance of media that integrate information from multiple Internet and paper media, specialized media that matches users and customers for specific industries and regions, as well as application Service provider (ASP) services. The Life Media Platform segment includes three fields: human resources field, real estate field and living field. The Others segment is engaged in the plan, development, operation and maintenance of new development services centered on the user billing model, leveraging the knowledge of the existing life media platform business.
ZIGExN Co., Ltd. entered into an agreement to acquire Apple World, Inc. from Ant Catalyzer No. 4, a fund managed by Ant Capital Partners Co., Ltd. and Catalyzer Partners IV, L.P., a fund managed by Ant Global Partners (HK) Ltd. for ¥1.4 billion.