Data Applications Company, Limited acquired an unknown minority stake in WingArc1st Inc. from CJP WA Holdings, L.P. managed by Carlyle Group L.P. (NasdaqGS:CG).
December 01, 2019
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Data Applications Company, Limited (JASDAQ:3848) agreed to acquire unknown minority stake in WingArc1st Inc. from CJP WA Holdings, L.P. managed by Carlyle Group L.P. (NasdaqGS:CG) on November 1, 2019. Under the terms, Data Applications Company, Limited will acquire approximately ¥300 million shares of WingArc1st Inc. The transaction is expected to close on November 25, 2019.
Data Applications Company, Limited (JASDAQ:3848) completed the acquisition of an unknown minority stake in WingArc1st Inc. from CJP WA Holdings, L.P. managed by Carlyle Group L.P. (NasdaqGS:CG) on December 2, 2019. GCA Altium acted as financial advisor to Carlyle Group.
WingArc1st Inc is engaged in the development and sale of corporate software and services. The Company is engaged in data empowerment business, including form and document management solutions and data empowerment solutions. In the form and document management solution, the Company provides software used in Japan as a business foundation for forms and solutions based on them. It is used for creating, outputting, and managing forms in various places in society, from business forms such as invoices, delivery notes, shipping slips, and e-tickets to various certificates issued by public institutions. Main products include SVF, SVF Cloud and SPA. The data empowerment solution mainly sells software, provides cloud services, and provides maintenance support to end users. The main software and services include Dr.Sum and MotionBoard. The Company is also engaged in the provision of professional services.
Data Applications Company, Limited acquired an unknown minority stake in WingArc1st Inc. from CJP WA Holdings, L.P. managed by Carlyle Group L.P. (NasdaqGS: CG).
WINGARC1ST INC. 
