On December 17, 2024, CHANGE Holdings, Inc. (Tokyo Stock Exchange Prime Market: 3962) announced that it has acquired all shares of Fundbook, Inc., making it a wholly owned subsidiary. This decision was approved at the board meeting held on the same day. As a result, CHANGE Holdings is making its official entry into the M&A intermediary business, marking a new step toward future growth.
Purpose of M&A
CHANGE Holdings, Inc. operates with the mission of "Change People, Change Business, Change Japan," and is advancing the digitalization of business models and the co-creation of regional revitalization. In particular, in Japan, which is facing population decline, the company focuses on improving operational efficiency and developing digital talent, providing solutions to many businesses.
The main goal of CHANGE Holdings in acquiring Fundbook is to strengthen its M&A intermediary business. Specifically, the company aims to support the revitalization of regional companies and the growth strategies of small and medium-sized enterprises by providing business succession-type M&A support. Additionally, CHANGE Holdings is focused on the growth potential and transformative opportunities in the M&A intermediary industry, with the aim of contributing to the industry’s maturation. CHANGE Holdings plans to leverage Fundbook's network and resources to advance the adoption of digital technologies and expand its corporate consulting services.
Through this acquisition, CHANGE Holdings will not only strengthen its M&A intermediary business but also accelerate its efforts toward regional revitalization, further solidifying its foundation for realizing growth strategies.
Acquisition Terms
Number of Shares Acquired: 200,000 shares (100% ownership)
Acquisition Cost:
• Share Purchase Price: ¥15.5 billion
• Acquisition-Related Costs: Approximately ¥130 million
• Total: Approximately ¥15.63 billion
Schedule
Board Resolution Date: December 17, 2024
Agreement Signing Date: December 17, 2024
Share Transfer Execution Date: December 23, 2024 (scheduled)
