After Deal 日本語

baudroie,inc. tender offer

ID: 4413-20260819 ／ Deal data (JSON)

Overview

Target
baudroie,inc. (4413)
Sector
Information & Communication
Acquirer
BCPE Neon Cayman LP
Type
MBO
Status
Open
Tender offer filing date
2026-08-19 Open on EDINET

Offer terms

ItemValueHistory
Offer price per common share ¥2,970 [1] —
Minimum shares 3,135,200 shares [2] —
MBO Yes [3] —

Premiums (as stated in filings)

BasisAs ofValue
Closing price on the business day before announcement 2026-08-17 3.8%[4]
1-month simple average closing price 2026-08-17 4.0%[5]
3-month simple average closing price 2026-08-17 10.7%[6]
6-month simple average closing price 2026-08-17 26.5%[7]

Premiums are as stated in the filings (not recalculated from market prices).

Valuations

Valuer Engaged by Method Value per share Discount rate Perpetual growth rate
SMBC Nikko Securities Inc. Target Comparable companies method ¥1,720 〜 ¥2,088[8] — —
SMBC Nikko Securities Inc. Target DCF method ¥1,694 〜 ¥3,037[9] 8.2% 〜 10.1%[10] 0.0% 〜 1.0%[11]
SMBC Nikko Securities Inc. Target Market price method (市場株価法) ¥2,347 〜 ¥2,855[12] — —
Plutus Consulting Co., Ltd. Special committee Comparable companies method ¥2,370 〜 ¥2,404[13] — —
Plutus Consulting Co., Ltd. Special committee DCF method ¥2,091 〜 ¥3,425[14] 9.0% 〜 11.8%[15] —
Plutus Consulting Co., Ltd. Special committee Market price method (市場株価法) ¥2,347 〜 ¥2,861[16] — —

Timeline (filings)

FilingDateFilerdocID
Tender Offer Registration Statement 2026-08-19 BCPE Neon Cayman LP S100YXP7
Position Statement 2026-08-19 baudroie,inc. S100YXQ8
Amended Tender Offer Registration Statement 2026-08-27 BCPE Neon Cayman LP S100YZ3C
Amended Position Statement 2026-08-27 baudroie,inc. S100YZ3U
Amended Tender Offer Registration Statement 2026-09-03 BCPE Neon Cayman LP S100Z0D9
Amended Position Statement 2026-09-03 baudroie,inc. S100Z0DE
Amended Tender Offer Registration Statement 2026-09-14 BCPE Neon Cayman LP S100Z26A

Sources

  1. Tender Offer Registration Statement (S100YXP7) 2026-08-19
    Original text (Japanese): 本公開買付価格を2,970円、第２回新株予約権、第３回新株予約権、第４回新株予約権、第５回新株予約権、第６回新株予約権及び第７回新株予約権に係る本新株予約権買付価格を１円として、本公開買付けを実施することを決定いたしました。
  2. Tender Offer Registration Statement (S100YXP7) 2026-08-19
    Original text (Japanese): 公開買付者は、3,135,200株(所有割合：9.55％)を買付予定数の下限と設定しており
  3. Tender Offer Registration Statement (S100YXP7) 2026-08-19
    Original text (Japanese): いわゆるマネジメント・バイアウト(ＭＢＯ)に該当します。
  4. Amended Position Statement (S100YZ3U) 2026-08-27
    Original text (Japanese): 基準日の終値2,861円に対して3.81％
  5. Amended Position Statement (S100YZ3U) 2026-08-27
    Original text (Japanese): 基準日までの直近１ヶ月間の終値単純平均値2,855円に対して4.03％
  6. Amended Position Statement (S100YZ3U) 2026-08-27
    Original text (Japanese): 同直近３ヶ月間の終値単純平均値2,683円に対して10.70％
  7. Amended Position Statement (S100YZ3U) 2026-08-27
    Original text (Japanese): 同直近６ヶ月間の終値単純平均値2,347円に対して26.54％
  8. Position Statement (S100YXQ8) 2026-08-19
    Original text (Japanese): 類似上場会社比較法 ：1,720円～2,088円
  9. Position Statement (S100YXQ8) 2026-08-19
    Original text (Japanese): ＤＣＦ法 ：1,694円～3,037円
  10. Position Statement (S100YXQ8) 2026-08-19
    Original text (Japanese): 割引率には加重平均資本コストを採用し、8.2％から10.1％を使用しており
  11. Position Statement (S100YXQ8) 2026-08-19
    Original text (Japanese): 永久成長率を0.0％から1.0％とし
  12. Position Statement (S100YXQ8) 2026-08-19
    Original text (Japanese): 市場株価法 ：2,347円～2,855円
  13. Position Statement (S100YXQ8) 2026-08-19
    Original text (Japanese): 類似上場会社比較法 ：2,370円～2,404円
  14. Position Statement (S100YXQ8) 2026-08-19
    Original text (Japanese): ＤＣＦ法 ：2,091円～3,425円
  15. Position Statement (S100YXQ8) 2026-08-19
    Original text (Japanese): 割引率には加重平均資本コストを採用し、9.0％から11.8％を使用しており
  16. Position Statement (S100YXQ8) 2026-08-19
    Original text (Japanese): 市場株価法 ：2,347円～2,861円