SCK Holdings, a JV company equally owned by the subsidiaries of Carlyle Japan and Karita & Company, has completed the tender offer for Simplex Holding, a software and system solution provider focusing on dealing and risk management solutions for financial institutions and online brokers.
The tender offer was announced in early June and the offer proce was set at JPY 45,000 per share vs. past 3 months average of JPY 38,806 and past 6 months average of JPY 33,887.
SCK has acquired 92.65% of outstanding shares (excluding treasury stocks) for JPY 23.6 billion. According to the tender plan described in the FSA filing documents, Carlyle Japan invests JPY 6.3 billion, Simplex management team invests up to JPY 2.1 billion, Karita & Co invests approx. JPY 0.2 billion, while Mitsubishi UFJ Bank provides financing up to JPY 20.5 billion. SCK plans to acquire all outstanding shares of Simplex through 2-step acquisition process.
For FY 2012, Simplex generated net revenues and EBITDA of JPY16.6 billion and JPY2.9 billion respectively.
August 07, 2013
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