Kitahama Capital Partners Co.,Ltd. [2134.T]
TOKYO, May 15 (Pulse News Wire) – Kitahama Capital Partners CO.,LTD. (2134.T) announced today that its board of directors approved the acquisition of all shares of FAS Investment (formerly Central Bear Asset Management).
The total purchase price is ¥68 million, or ¥5,609 per share. FAS Investment was established in 2011 but had not commenced operations until now. It holds a license for Type II Financial Instruments Business, allowing it to create and sell various investment products through fund structures. Kitahama plans to leverage FAS's capabilities to develop financial products backed by assets such as battery storage facilities and data centers. The acquisition aims to accelerate Kitahama’s asset management business.
Initial revenue targets for financial product sales are set at ¥15 billion within the first year. Kitahama intends to recycle investment funds by selling assets at fair prices via collective investment schemes, reinvesting proceeds into new projects, and expanding its customer base. As of the latest fiscal year ending August 2025, FAS Investment reported net assets of ¥15.2 billion. Debt-to-equity swaps conducted prior to the acquisition resolved any debt-overhang issues. Kitahama will finance the transaction entirely with internal resources.
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