Colowide Co.,Ltd. (TSE:7616) entered into share transfer agreement to acquire Nippon Meika Sohonpo Co., Ltd. from Advantage Partners V, AP Cayman Partners III, L.P. and Japan Fund V, L.P. managed by Advantage Partners, Inc. on March 1, 2024. Nippon Meika Sohonpo reported net worth of ¥3.708 billion, total assets of ¥8.168 billion, sales of ¥5.931 billion, operating income of ¥395 million and net income of ¥106 million as at May 2023. The transaction is expected to close on April 1, 2024.