True Wind Capital II, L.P., True Wind Capital II-A, L.P. and True Wind Capital GP II LLC managed by True Wind Capital Management, L.P. proposed to acquire an additional 19% stake in Sun Corporation for ¥18.7 billion.

True Wind Capital II, L.P., True Wind Capital II-A, L.P. and True Wind Capital GP II LLC managed by True Wind Capital Management, L.P. proposed to acquire an additional 19% stake in Sun Corporation (TSE:6736) for ¥18.7 billion on June 10, 2024. A cash consideration valued at ¥4400 per share will be paid by True Wind Capital II, L.P., True Wind Capital Management, L.P., True Wind Capital II-A, L.P. and True Wind Capital GP II LLC for 4,239,500 shares. The transaction is subject to minimum tender of 3,793,400 shares.

The expected completion of the transaction is July 22, 2024.