TB Group Inc. (TSE:6775) announced a private placement of 15,750,000 common shares at ¥39 per share for gross proceeds of ¥614,250,000 on March 31, 2015. The transaction will involve participation from six investors including new investors, Hikari Tsushin, Inc., Oak Capital Corp, Intea Holdings, Inc., iFLAG Co., Ltd., AViX, Inc., and existing investor, Bigsons Co., Ltd. for 4,425,000 shares, 4,400,000 shares, 2,213,000 shares, 2,212,000 shares, 500,000 shares, and 2,000,000 shares respectively. The payment date for the transaction is expected on April 17, 2015.

The company expects to incur ¥6,000,000 as issue expenses in the transaction. The net proceeds from the transaction will be ¥608,250,000. On closing, Bigsons Co., Ltd. will increase its stake in the company from 7.03% to 8.04%.

New investors, Hikari Tsushin, Inc., Oak Capital Corp, Intea Holdings, Inc., and iFLAG Co., Ltd. will hold 5.04%, 5.01%, 2.52%, and 2.52% respectively. The transaction was approved by the board of directors of the company.