AMG & Arte Salon Holdings Inc | Update Date: 08/25/08 |
| Date Announced: 08/15/08 |
| Value (million $USD): n/a |
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| Status: Pending | |
| TRANSACTION DETAILS |
| Date Announced | 08/15/08 | | |
| Date Originally Announced | 08/15/08 | | |
| Format | Acq. Rem. Int. | Acquisition techniques | Not Applicable |
| Attitude | Friendly | Agency | n/a |
| Value | n/a | Advisor Fees | n/a |
| SYNOPSIS |
| JAPAN - Arte Salon Holdings Inc (ASH) agreed to acquire the remaining 50% interest, which it did not already own, in AMG, an operator of beauty salon chain, from Gabrs Japan Inc (GJ). Concurrently, an undisclosed acquirer agreed to acquire a 44.0% stake in GJ from ASH. |
| TARGET |
| Name | AMG |
| Industries | n/a |
| City | Yokohama-Shi, Kanagawa |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Subsidiary |
| Business Description | AMG, located in Kanagawa, Japan, operates beauty salon chain. The company was founded in 2007. |
| Advisors | NULL |
| Target Sales | n/a |
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| ACQUIROR |
| Name | Arte Salon Holdings Inc (Jasdaq : 2406) |
| Industries | n/a |
| City | Yokohama-Shi, Kanagawa |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Arte Salon Holdings Inc, formerly known as Artejapan Co Ltd, is headquartered in Kanagawa, Japan. The Group's principal activity is operating chain beauty salons under the name ASH. The Group's business includes Salon business, management and training of salon business, sales of beauty materials and cosmetics and real-estate rental. The operations are carried out through the following divisions: Direct management; FC (Franchise) and Asset management. The company was founded in 1988. |
| Advisors | NULL |
| Acquiror Sales | 81.5 million U.S. Dollar 8.14 billion Japanese Yen |
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