Yamau Co., Ltd. (JASDAQ:5284) signed a share transfer contract to acquire Daiei Kaihatsu K.K. from Kyushu Relationship Fund 1, a fund managed by Fukuoka Capital Partners Co., Ltd. and Japan Private Equity Co., Ltd. for ¥1.3 billion on May 28, 2015. Yamau will acquire 0.07 million shares of Daiei Kaihatsu. On completion, Daiei Kaihatsu will become a subsidiary of Yamau.

Daiei Kaihatsu reported net assets of ¥1.08 billion, total assets of ¥1.48 billion, sales of ¥1.72 billion, operating profit of ¥129.57 million and net income of ¥76.48 million as of May 2014. The deal was resolved by the Board of Directors of Yamau. The deal is expected to close by June 1, 2015.

Yamau will pay an advisory fee of ¥20 million.