Yamaya Corp. (TSE:9994) made an offer to acquire an additional 49.12% stake in Chimney Co., Ltd. (TSE:3178) from The Carlyle Group LP (NasdaqGS:CG) and other sellers for ¥14.3 billion on November 7, 2013. Yamaya Corp.

offers to acquire 9.5 million shares at the price of ¥1,510 per share. Yamaya Corp. will increase its stake to 50.69% stake.

Carlyle Japan Partners II managed by The Carlyle Group LP agreed to subscribe the offer. The tender offer will start from November 8, 2013 to December 5, 2013. The minimum and maximum number of shares to be purchased in the transaction is 9.5 million.

Board of Directors of Yamaya Corporation made a resolution in favor of the transaction on November 7, 2013. The settlement date of the transaction is December 12, 2013. AGS Consulting Co Ltd. and Nomura Securities Co., Ltd. acted as appraisers in the transaction.

TMI Associates acted as legal advisor to Chimney Co., Ltd.