Contec Co., Ltd. completed the acquisition of 85% stake in DTx Inc. from Antares Capital Fund III Limited Partnership of Antares Capital Corporation, Eugene R. Garofalo, Vice President of Business Development of DTx, Arthur R. Schmitt, former President of DTx and other sellers.
The acquisition is expected to close on December 31, 2012. The cost of advisory fee and other relevant fees amounts to $0.57 million (¥45 million). It is expected that the influence on CONTEC's results for fiscal year ending March 2013 arising from this acquisition will be minor. Lincoln International LLC acted as financial advisor to Antares Capital Corp. and management. The conversions are made through www.oanda.com as of October 16, 2012.
Contec Co., Ltd. (TSE:6639) completed the acquisition of 85% stake in DTx Inc. from Antares Capital Fund III Limited Partnership of Antares Capital Corporation, Eugene R. Garofalo, Vice President of Business Development of DTx, Arthur R. Schmitt, former President of DTx and other sellers during the quarter ended December 31, 2012.