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    Shidax Corporation - Sale of stake in Shidax Community Corporation and issuance of preferred stock

Leading Japanese law firm Nishimura & Asahi has advised Shidax Corporation [4837] (“Shidax”) on the sale of an 81% stake in Shidax Community Corporation (“Shidax Community”), its Japan-based business that operates large-scale entertainment restaurants and karaoke boxes, to B&V Corporation (“B&V”), a karaoke box, net cafe and fitness center operator.  Shidax also agreed to accept a preferred stock investment of 5 billion yen from a fund that the Development Bank of Japan is in charge of as general partner. 

The transaction will allow Shidax and B&V to strengthen their respective restaurant and karaoke businesses. Shidax Community’s turnover for the year ended 31 March 2018 was JPY 18.21bn (USD 171.19m).

The Nishimura & Asahi team advising Shidax was led by partners Kohei Koikawa and Takuya Matsuo.


濃川 耕平

He has an extensive track record representing issuers, managers and selling shareholders in various capital markets transactions, incduling global IPOs, global follow-on offerings, convetibles bonds offerings, debt offerings, private investments in public companies (PIPEs), J-REITs offerings. He also has been active in fincance transactions by venture companies.