Hi-Lex Corporation (TSE:7279) agreed to acquire Lames Spa from Luca Pellegri, Nicola Pellegri, Federica Pellegri and Paolo Marcionne for ¥2.4 billion on January 15, 2016. Under the transaction, Hi-Lex will acquire 10.7 million shares of Lames, with Luca Pellegri and Nicola Pellegri selling 34.33% stake each, in Lames and Federica Pellegri selling 29.33%. The Italian district court has approved the transaction on October 2, 2016. The deal is expected to be completed after August 2016. N+1 Syz S.r.l. acted as financial advisor to the sellers. Hi-Lex Corporation (TSE:7279) completed the acquisition of Lames Spa from Luca Pellegri, Nicola Pellegri, Federica Pellegri and Paolo Marcionne on October 13, 2016. As a result, Lames became a subsidiary of Hi-Lex Corporation.