Houlihan Lokey Advises Akatsuki

Houlihan Lokey is pleased to announce that Akatsuki Inc. has completed a tender offer for SUNNY SIDE UP GROUP Inc., to be followed by a share exchange to complete the acquisition and business integration.

Akatsuki is a company listed on the Prime Market of the Tokyo Stock Exchange, primarily engaged in the planning, development, and operation of mobile games, with three core business pillars: entertainment, lifestyle, and solutions.

SUNNY SIDE UP GROUP is a company listed on the Standard Market of the Tokyo Stock Exchange engaged in a wide range of communication solutions centered on PR-driven thinking. In addition to serving the corporate, brand, sports, and entertainment sectors, it also addresses regional revitalization and social issues.

Combining the strengths of Akatsuki and SUNNY SIDE UP GROUP, Akatsuki aims to sustainably increase corporate value as a next-generation “IP accelerator” that creates, nurtures, develops, and maximizes the value of IP across a hybrid of digital, analog, real-world, and AI realms.

Houlihan Lokey served as the exclusive buyside financial advisor to Akatsuki and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction further enhances Houlihan Lokey’s extensive business services track record and showcases our firm’s ability to combine deep sector expertise with local execution capabilities.

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