Endeavour United Partners Three Investment Partnership, a fund of Endeavour United Co., Ltd. completed the acquisition of 62.18% stake in Palemo Co., Ltd. from FamilyMart UNY Holdings Co., Ltd. for approximately ¥750 million.
October 16, 2016
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Endeavour United Partners Three Investment Partnership, a fund of Endeavour United Co., Ltd. made an offer to acquire 63.06% stake in Palemo Co., Ltd. (JASDAQ:2778) from UNY Group Holdings Co., Ltd. for ¥760 million on August 31, 2016. Under the terms, Endeavor will pay ¥100 per share and will acquire 7.6 million shares. Endeavor will acquire a minimum of 7.49 million shares and a maximum of 7.6 million shares. The tender offer period will run from September 5, 2016 to October 17, 2016. The settlement process will start on October 24, 2016. Sato Sogo Law Office acted as legal advisor for Palemo. Tokai Tokyo Securities Co., Ltd. acted as tender offer agent for Endeavor United.
Endeavour United Partners Three Investment Partnership, a fund of Endeavour United Co., Ltd. completed the acquisition of 62.18% stake in Palemo Co., Ltd. (JASDAQ:2778) from FamilyMart UNY Holdings Co., Ltd. (TSE:8028) for approximately ¥750 million on October 17, 2016. Endeavor United now owns 7.49 million shares of Palemo.
PALEMO HOLDINGS Co., Ltd. mainly operates specialty store chain that sells clothing and sundries directly to consumers. The Company operates in two business segments. The Retail Stores segment provides ladies' clothing and accessories, through various types of shopping centers under multiple brands. The Franchise (FC) segment offers clothing and clothing accessories at contract stores. The Company also sells products on the Internet and operates its own e-commerce (EC) site, Palemoba.
Endeavour United Partners Three Investment Partnership, a fund of Endeavour United Co., Ltd. completed the acquisition of 62.18% stake in Palemo Co., Ltd. from FamilyMart UNY Holdings Co., Ltd. for approximately ¥750 million.
PALEMO HOLDINGS CO.,LTD. 
