PKSHA Technology Inc. completed the acquisition of 86.79% stake in CIRCULATION Co.,Ltd. from Simplex Holdings, Inc., CrowdWorks Inc., Goldman Sachs Japan Co., Ltd., SBI Securities Co., Ltd., BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) and The Nomura Trust and Banking Co., Ltd. for ¥6.5 billion.
PKSHA Technology Inc. (TSE:3993) proposed to acquire remaining majority stake in CIRCULATION Co.,Ltd. (TSE:7379) from Simplex Holdings, Inc. (TSE:4373), CrowdWorks Inc. (TSE:3900), Goldman Sachs Japan Co., Ltd., SBI Securities Co., Ltd., BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) and The Nomura Trust and Banking Co., Ltd. for ¥6.7 billion on July 4, 2025. A cash consideration valued at ¥901 per share will be paid by PKSHA Technology Inc. Upon completion, PKSHA Technology Inc. will own 100% stake in CIRCULATION Co.,Ltd. The Tender Offeror intends to make the Target Company a wholly owned subsidiary of the Tender Offeror. As of the submission date hereof, the Target Company Shares are listed on the Tokyo Stock Exchange Growth Market. However, since the Tender Offeror has not set a maximum number of shares to be purchased in the Tender Offer, depending on the results of the Tender Offer, the Target Company Shares are scheduled to be delisted after going through the prescribed procedures, pursuant to the Tokyo Stock Exchange?s delisting criteria. The transaction will be financed from the ¥7 billion borrowings from Mizuho Bank, Ltd.
The expected completion of the transaction is August 19, 2025.
PKSHA Technology Inc. (TSE:3993) completed the acquisition of 86.79% stake in CIRCULATION Co.,Ltd. (TSE:7379) from Simplex Holdings, Inc. (TSE:4373), CrowdWorks Inc. (TSE:3900), Goldman Sachs Japan Co., Ltd., SBI Securities Co., Ltd., BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) and The Nomura Trust and Banking Co., Ltd. for ¥6.5 billion on August 19, 2025. On completion, the number of Shares owned after the acquisition is 7,805,449 shares, representing 94.29% equity interest in the total share capital.
Simplex Holdings Inc is a Japan-based company mainly engaged in the provision of consulting services, as well as the development, operation and maintenance of system. The Company is involved in the provision of information technology (IT) solutions related to system proposals, construction and operation and maintenance. The Company provides products such as SimplexPRISM, which is used by institutional investors for fund management operations and SimplexFX, which is a foreign exchange margin trading (FX) solution equipped with a dealing engine that contributes to improving the profitability of financial institutions in the financial frontier area. The Company provides Simplex x Insurance, which covers a series of insurance operations in the life insurance and non-life insurance domain and provides products and services such as Simple x CryptoCurrency, a crypto asset trading platform that utilizes blockchain technology in the crypto asset domain.
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PKSHA Technology Inc. completed the acquisition of 86.79% stake in CIRCULATION Co.,Ltd. from Simplex Holdings, Inc., CrowdWorks Inc., Goldman Sachs Japan Co., Ltd., SBI Securities Co., Ltd., BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) and The Nomura Trust and Banking Co., Ltd. for ¥6.5 billion.
