Increased tender offer price exceeds the JPY 3,384 price in the competing proposal and aims to reduce uncertainty and facilitate the timely completion of the transaction
Amended tender offer price reflects the Consortium's continued commitment to supporting Kakaku.com's long-term growth and development
The Consortium has already obtained all necessary regulatory clearances required, further underscoring the certainty of the transaction for the Company and its shareholders.
TOKYO, July 17, 2026 /PRNewswire/ -- EQT today announced that Kamgras 1 K.K. (the "Offeror"), a member of the consortium led by BPEA Private Equity Fund IX ("BPEA IX" or "EQT") and Digital Garage, Inc. ("Digital Garage", and together with EQT, the "Consortium"), has decided to amend the terms and conditions of its ongoing tender offer (the "Tender Offer") for the common shares of Kakaku.com, Inc. ("Kakaku.com" or the "Company") (TSE: 2371), including raising the tender offer price from JPY 3,000 per share to JPY 3,450 per share (the "Revised Tender Offer Price").
The Revised Tender Offer Price exceeds the JPY 3,384 per share price contained in the competing proposal announced on July 1, 2026.
The original tender offer price of JPY 3,000 per share represented a compelling offer for shareholders and reflected Kakaku.com's intrinsic value and included a reasonable premium over Kakaku.com's unaffected market share price prior to the publication of speculative media reports regarding the Tender Offer. Following developments in the process and further careful consideration, the Consortium decided to increase the tender offer price in order to further enhance execution certainty and reflect its continued conviction in the Company's long-term potential.
The Revised Tender Offer Price is intended to facilitate the timely completion of the transaction and enable Kakaku.com to focus on long-term growth and value creation. The Consortium has already obtained all necessary regulatory clearances required, further underscoring the certainty of the transaction for the Company and its shareholders. In contrast, the competing proposal contemplates a tender offer only commencing in September 2026 at the earliest and remains subject to various conditions, including regulatory approvals.
Tetsuro Onitsuka, Partner in the EQT Private Capital Asia team, said: "Our proposal provides Kakaku.com shareholders with an attractive combination of value, certainty and timing. By combining EQT's global digital and AI expertise with Kakaku's strong brands and data assets, we believe Kakaku can accelerate platform development and pursue long-term value creation. We remain excited about Kakaku.com's long-term potential and look forward to working alongside management and Digital Garage to support the Company's next phase of growth and value creation."