JB Eleven Co., Ltd. (NSE:3066) announced a private placement of 88,000 common shares at ¥840 per share for gross proceeds of ¥73,920,000 on December 9, 2013. The round will include participation from existing investors Gourmet Kineya Co., Ltd., Orikane Co., Ltd., and Sapporo Breweries Ltd. along with new investors Oliver Corporation and Hoshizaki Electric Co., Ltd. The round will also include participation from Tsukasa Niimi, Shuya Nagae, Satoshi Kameoka, Shinichi Ito, and Tomohiro Oshima. The shares will be issued pursuant to third party allotment.

Upon completion of the transaction, Gourmet Kineya Co., Ltd. will subscribe for 30,000 shares and hold a 7.74% stake, Sapporo Breweries Ltd will subscribe for 20,000 shares and hold a 2.39% stake, and Tsukasa Niimi will subscribe for 5,000 shares and hold a 15.40% stake. The company expects to receive net proceeds of ¥73,420,000 after issuance costs of ¥500,000.