Jones Lang LaSalle completed the acquisition of 70% stake in Tansei Mall Management Co.,Ltd. from Tanseisha Co., Ltd..
February 01, 2015
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Jones Lang LaSalle agreed to acquire 70% stake in Tansei Mall Management Co.,Ltd. from Tanseisha Co., Ltd. (TSE:9743) on January 30, 2015. Under the terms of the agreement, Tanseisha Co., Ltd. will sell 840 shares. In 2015, Jones Lang LaSalle made acquisitions including Tansei Mall Management Co.,Ltd. for $373 million in cash and guaranteed deferred consideration of $23.1 million subject only to the passage of time and contingent earn-out consideration of $105.1 million subject to provisions that will be paid upon certain performance conditions being met which are recorded at their acquisition date fair value. Post transaction Tanseisha Co., Ltd. will hold 360 shares or 30% of Tansei Mall Management Co.,Ltd. The transaction is expected to close on February 2, 2015.
Jones Lang LaSalle completed the acquisition of 70% stake in Tansei Mall Management Co.,Ltd. from Tanseisha Co., Ltd. (TSE:9743) in the quarter ended February 2, 2015.
TANSEISHA CO.,LTD. is a Japan-based company mainly engaged in the research, planning, design, layout, production, construction and operation of commercial, public, hospitality, cultural, business and event spaces. The Company operates through three business segments. Commercial and Other Facilities segment is engaged in the the design of department stores, specialty stores, restaurants and other general commercial facilities, the interiors of offices, hotels and other facilities, and the design, consulting and construction of exhibitions. The Chain Store segment is engaged in the planning, design and construction related to interior of casual wear and fast food chain-type stores. Cultural Facilities segment is engaged in the museum and science museum exhibitions related business. It is also engaged in the operation and management of commercial facilities, rental and sale of office equipment, and dispatch of workers.
TANSEISHA CO., LTD. 
