GMO AD Partners Inc. (JASDAQ:4784) entered into a share exchange contract to acquire GMO Solution Partner, Inc. from GMO Internet Inc. (TSE:9449) for ¥1.8 billion in stock on December 2, 2013. GMO AD Partners will acquire GMO Solution Partner via stock swap in which GMO AD Partners will issue its 229 shares for each share of GMO Solution Partner. GMO AD Partners will issue its 1.6 million shares. GMO Solution Partner reported net assets of ¥448 million, total assets of ¥1.15 billion, sales of ¥2.79 billion, operating profit of ¥475 million, ordinary profit of ¥483 million and net income of ¥254 million for the year ended December 31, 2012. The transaction is subject to shareholder's approval of GMO Solution Partner. The transaction is expected to close by January 1, 2014. Ernst & Young Transaction Advisory Services Co. Ltd. acted as financial advisor for GMO AD Partners and AGS Consulting Co Ltd. acted as financial advisor for GMO Solution Partner.

GMO AD Partners Inc. (JASDAQ:4784) completed the acquisition of GMO Solution Partner, Inc. from GMO Internet Inc. (TSE:9449) on January 1, 2014. Due to the share exchange, GMO AD Partners issued shares on January 1, 2014 as consideration.