Rizap Group, Inc. (SPSE:2928) made a tender offer to acquire Jeans Mate Corporation (TSE:7448) from Kenji Nishiwaki, Masashi Nishiwaki and other shareholders for ¥1.8 billion on January 16, 2017. Under the terms of the transaction, Rizap Group will acquire a maximum 10.92 million shares and a minimum of 5.75 million shares for ¥160 per share. The offer period is from January 17, 2017 to February 13, 2017.

The settlement date is February 20, 2017. Rizap Group passed a corporate resolution regarding the offer on January 16, 2017. Daiwa Securities Co., Ltd. acted as the financial advisor to Rizap Group and the tender offer agent in the transaction.

Anderson, Mori & Tomotsune served as the legal advisor to Jeans Mate Corporation.