Clifford Chance Advises Prime Strategy on Strategic Alliance and Public Tender Offer by GMO Internet Group

"Clifford Chance is advising Prime Strategy Co., Ltd. on a business alliance and a public tender offer by GMO Internet Group to acquire a majority stake. GMO values Prime Strategy at approximately JPY 6 billion and has launched a JPY 1,600 per share offer to buy between 50.01% and 60.00% of the company."

Clifford Chance advised Prime Strategy Co., Ltd. on the announced business alliance and the public tender offer launched by GMO Internet Group. GMO Internet Group has announced a public tender offer valuing Prime Strategy at approximately JPY 6 billion. The offer is set at JPY 1,600 per share and seeks to acquire a minimum of 1,849,400 shares (50.01%) and up to 2,214,800 shares (60.00%), representing a proposed acquisition of a majority stake in Prime Strategy. Prime Strategy is a Tokyo Stock Exchange-listed company known for cloud integration and web performance solutions. GMO Internet Group is a leading Japanese technology conglomerate providing a broad range of internet services including infrastructure, advertising and fintech, and continuing to pursue innovation across cloud, cybersecurity and emerging technologies such as blockchain. Clifford Chance represented client(s) Prime Strategy Co., Ltd. with a team composed by: lead partner Michihiro Nishi; senior associates Tomohiro Terada and Hiromu Suemasa; and associates Ryokei Abe and Mikihiro Sato.

Clifford Chance Advises Prime Strategy on Strategic Alliance and Public Tender Offer by GMO Internet Group

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