Nishimatsuya Chain Co., Ltd. (TSE:7545) signed an agreement to acquire 17.67% stake in Palemo Holdings Co.,Ltd. (TSE:2778) from Endeavour United Partners Three Investment Partnership, a fund of Endeavour United Co., Ltd. for approximately ¥310 million on July 30, 2021. Under the terms of the transaction, Nishimatsuya Chain Co., Ltd. will acquire 2.09 million shares for ¥150 per share. The scheduled transfer date is planned on August 6, 2021.