Chiyoda Corporation (TSE:6366) acquired 80% stake in Xodus Group Ltd. from Simmons Parallel Energy, L.P., managed by Simmons & Company, Private Equity and Sunrise Xodus B.V. for ¥10 billion on July 4, 2013. For 2012, Xodus Group reported revenues of £61 million (¥8.46 billion). Pursuant to the transaction, Chiyoda Corporation will appoint 3 officers, including the Chairman, to the Board of Xodus Group.

Ben Higson, Tony Marshall, Oscar Johnson, Roderick Lai, Robert Stevenson, Victoria Rodley, Rhiannon Williams, Ben Coleman, Alexander Browning, Charlotte Hugman, Angus Coulter, Tim Capel, Ed Bowyer, Maya Cronly-Dillon, Victoria Jervis, Claire Southern, Charlotte Yeates, Conor Ward, Sarah Turner, Mac Macmillan, Charlie Winckworth, Alexandra Grundy, Ben Robson, Joshua Myers, Michael Roberts, Kate Wilford, Alex Hohl, Daniel Norris, Katie Nixon, Philip Harle, Tom Eyre-Brook, Johannes Buntjer, Anita de Jong, Cees Brouwer, Sigrid Romijin, Joke Bodewits, Warren Thomson, Erin Kiem, Mona Lemp, Joe Tompkins, David Locascio, Rika Beppu, Jacky Scanlon-Dyas and James Nepaulsingh of Hogan Lovells acted as legal advisors for Chiyoda. Infinity Partnership acted as accountant for the transaction. The currency conversions were made through www.oanda.com on December 31, 2012.

Chiyoda Corporation (TSE:6366) completed the acquisition of 80% stake in Xodus Group Ltd. from Simmons Parallel Energy, L.P., managed by Simmons & Company, Private Equity and Sunrise Xodus B.V. on July 4, 2013.