JG16 Co., Ltd. entered into a letter of intent to acquire WOW WORLD GROUP Inc. (TSE:5128) for ¥4.6 billion on November 4, 2022. The offer per share is ¥1,502. JG16 Co., Ltd. will acquire remaining shares from its parents fund J-GIA No. 1 investment fund. JG16 Co., Ltd has set 3,311,800 shares as the minimum number of shares to be purchased. If the Tender Offer is successful, the Tender Offeror will receive a maximum loan of ¥5,175,000,000 from The Bank of Yokohama, Ltd. Upon closing, JG16 Co., Ltd. will have 100% of ownership and WoW world will be delisted. Mizuho Securities Co., Ltd., Stand by C Co., Ltd., acted as financial advisors ,Omotesando Partners Law Office acted as a legal advisor to JG16 Co., Ltd.. Miura & Partners, acted as a legal advisor and Trustees Advisory K.K. acted as a financial advisor WOW WORLD. Yoshinobu Fujimoto and Masanori Kaneko of Nishimura & Asahi acted as legal advisor to Japan Growth Investments Alliance, Inc.

JG16 Co., Ltd. completed the acquisition of WOW WORLD GROUP Inc. (TSE:5128) on March 15, 2023.