Nanno Construction Co Ltd & Pan Pacific Advisory Services | Update Date: 02/19/09 |
| Date Announced: 10/04/05 |
Value (million $USD): 37.2 million U.S. Dollar 4.25 billion Japanese Yen |
|
| Status: Completed | |
| TRANSACTION DETAILS |
| Date Announced | 10/04/05 | | |
| Date Originally Announced | 10/04/05 | | |
| Format | Acq. Part. Int. | Acquisition techniques | Privately Negotiated Purc; Financial Acquiror |
| Attitude | Friendly | Agency | n/a |
| Value | 37.2 million U.S. Dollar 4.25 billion Japanese Yen | Advisor Fees | n/a |
| SYNOPSIS |
| JAPAN - Pan Pacific Advisory Services acquired a 19.26% stake, or 62.5 mil newly issued ordinary shares, on a fully-diluted basis, in Nanno Construction Co Ltd (NC), a provider of civil engineering services, for 68 Japanese yen ($0.595 US) in cash per share, or a total value of 4.25 bil yen ($37.205 mil), in a privately negotiated transaction. Concurrently, Rolyal Toshijigyo Kumiai, Aurora Investment Toshijigyo Kumiai and Rocket High Investments Ltd planned to acquire 18.8% stake, 6.16% stake and 3.08% stake in NC. |
| TARGET |
| Name | Nanno Construction Co Ltd (Jasdaq : 1783) |
| Industries | Residential construction, nec; Industrial buildings and warehouses; Nonresidential building construction, nec; Highway and street construction; Bridge, tunnel, and elevated highway construction; Water, sewer, pipeline & utility line construction; Plumbing, heating and air conditioning; Electrical work; Masonry, stone setting, and other stone work; Plastering, drywall, acoustical & insulation work; Carpentry work; Floor laying and other floor work, nec; Roofing, siding, and sheet metal work; Concrete work; Special trade contractors, nec; Heavy construction, nec; Single-family housing construction |
| City | Osaka |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Provide civil engineering and construction services |
| Advisors | NULL |
| Target Sales | 23.5 million U.S. Dollar 2.67 billion Japanese Yen |
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| ACQUIROR |
| Name | Pan Pacific Advisory Services |
| Industries | Management investment offices, open-end; Investment offices, nec; Investors, nec |
| City | Orange, |
| State | CA |
| Nation | United States |
| Incorporated in | CA |
| Public Status | Private |
| Business Description | Investment management services |
| Advisors | NULL |
| Acquiror Sales | n/a |
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