Cases

OPTEX GROUP Co., Ltd. - Agreement to acquire further stake in CCS Inc.

Professionals
Takuya Matsuo
Date
2018
Practice Areas
M&A

Leading Japanese law firm Nishimura & Asahi has advised OPTEX GROUP Company, Limited [6914] (“Optex”) on its agreement to acquire a 36.46% stake in CCS Inc. [6669] (“CCS”) via a share swap, with an implied equity transaction value of JPY 23.55bn (approximately USD 219m).

Optex, headquartered in Shiga, Japan, makes various kinds of sensors, while CCS Inc., headquartered in Kyoto, Japan, makes LED lighting for machine vision, microscopes, plant cultivation, and other uses. 

Optex acquired a 63.53% stake in CCS in May 2016, and after this latest transaction, which is expected to be completed on 1 July 2018, CCS will become a wholly-owned subsidiary of Optex and will be delisted from the Tokyo Stock Exchange.

The Nishimura & Asahi team advising Optex was led by partner Takuya Matsuo.