Kappa Create Holdings Co., Ltd. (TSE:7421) announced a private placement of 15,161,200 shares at ¥1,048 per share for gross proceeds of ¥15,888,937,600 on October 27, 2014. The company will issue the shares via third party allocation to returning investor, SPC Kappa Co., Ltd. The settlement date for the transaction is expected on December 4, 2014. On closing of the transaction, the investor will hold 50.67% stake in the company after acquiring 9.34% in the transaction.

The company expects to incur ¥120,000,000 as issuance costs in the transaction. The issue costs include registration expenses such as registration and license tax, legal expenses, and financial advisory fees. The net proceeds from the transaction will be ¥15,768,937,600.

The transaction was approved by the board of directors on the same date.