Sansei Yusoki Co., Ltd. completed the acquisition of 64.1% stake in S&S Worldwide, Inc. from Larsen MacColl Partners, L.P.
November 29, 2012 at 11:00 pm
Share
Sansei Yusoki Co., Ltd. (OSE:6357) agreed to acquire 64.1% stake in S&S Worldwide, Inc. from Larsen MacColl Partners, L.P. for $8.6 million on November 5, 2012. Under the terms of the agreement, Sansei Yusoki shall acquire 0.2 million shares for $38.05 per share. Post acquisition, S&S Worldwide will become a 77.3% owned subsidiary of Sansei Yusoki. Rich Allen, President and Chief Executive Officer, Jeff Koffman, Chairman of the Board and Kevin Rohwer, Vice President of sales and marketing of S&S Worldwide will remain in their roles after the transaction. S&S will retain its headquarters and manufacturing facilities in Logan, Utah.
Euan Rellie, Jeff Acton, Noriyuki Sonoda, Andy Bryant and Jordan Selleck of Business Development Asia LLC and Brookwood Associates, LLC acted as financial advisors and Miller & Martin, PLLC acted as legal advisor for Larsen MacColl Partners. Paul Hastings LLP acted as legal advisor for Sansei Yusoki.
Sansei Yusoki Co., Ltd. (OSE:6357) completed the acquisition of 64.1% stake in S&S Worldwide, Inc. from Larsen MacColl Partners, L.P. in November 2012.
Sansei Technologies, Inc., formerly SANSEI YUSOKI CO., LTD., is primarily engaged in the manufacture and installation of stage machinery, gaming machines, elevating machines and others. The Manufacture segment manufactures and installs stage machinery and elevating machinery for theaters and culture halls, art equipment such as electric decoration devices in television stations, events and concert venues, gaming machines such as roller coasters and towers, and elevating machinery such as elevators, escalators and packing devices. It also purchases products and conducts maintenance work. In addition, the Company is also involved in operation and provision of leisure facilities in amusement parks, and management of parks owned by the Company.
SANSEI TECHNOLOGIES, INC. 
