Nichii Gakkan Co. completed the acquisition of 24.84% stake in JSS Corporation from FVC Retail Fund and FVC Growth Fund of Future Venture Capital Co., Ltd..
May 16, 2014 at 12:00 am EDT
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Nichii Gakkan Co. (TSE:9792) agreed to acquire 24.84% stake in JSS Corporation (JASDAQ:6074) from FVC Retail Fund and FVC Growth Fund of Future Venture Capital Co., Ltd. (JASDAQ:8462) for approximately ¥480 million on May 14, 2014. Nichii Gakkan Co. is acquiring 0.46 million shares of JSS Corporation from FVC Growth Fund and 0.04 million shares from FVC Retail Fund and paying ¥950 per share. Board of Directors of JSS Corporation resolved the transaction. The transaction is expected to be closed by May 16, 2014. IPO Solutions, Inc. acted as financial advisor to JSS Corporation. KPMG FAS Co., Ltd acted as financial advisor to Nichii Gakkan Co.
Nichii Gakkan Co. (TSE:9792) completed the acquisition of 24.84% stake in JSS Corporation (JASDAQ:6074) from FVC Retail Fund and FVC Growth Fund of Future Venture Capital Co., Ltd. (JASDAQ:8462) on May 16, 2014.
Future Venture Capital Co., Ltd. is a Japan-based company mainly engaged in the venture capital business. The Company operates businesses in Japan and Colorado, United Stated. Venture Capital business is engaged in the investment and investment advices services to venture companies, the composition, management and operation of investment partnerships, and the selection and development of investment destinations. The Company also addresses other revenue opportunities associated with those activities.
Nichii Gakkan Co. completed the acquisition of 24.84% stake in JSS Corporation from FVC Retail Fund and FVC Growth Fund of Future Venture Capital Co., Ltd..