On August 17, 2020, Pepper Food Service Co., Ltd. (TSE:3053) closed the transaction. The transaction included participation from InfleXion No. II Fund L.P for 99,149 of 11th rights and 42,492 of 12th rights, Inflexion II Cayman, L.P., a fund managed by Inflexion Partners for 36,350 of 11th rights and 15,579 of 12th rights and Flagship Asset Management Investment Union No. 88, a fund managed by Flagship Asset Management, Inc. for 25,483 of 11th rights and 10,921 of 12th rights.