LOCONDO, Inc. announced a private placement of equity and convertible bonds in its series D for gross proceeds of ¥1,000,000,000 on May 28, 2015. The company will issue equity for ¥500,000,000 and convertible bonds for ¥500,000,000. The transaction took place through third party allotment.

The transaction includes participation new investor Alpen Co., Ltd. Following the transaction and after the conversion of bonds, the investor will own less than 20% stake in the company. Nagoya-shi, Aichi, and Taizo Mizuno represented Alpen Co., Ltd. in the transaction.