The Siena Consortium and MBK Partners have signed an agreement to sell 100% of the equity interest in ゴルフゾーンカウンティ, while ゴルフゾーンホールディングス has expressed its opposition. The legal issues surrounding the drag-along right and the IPO policy are at issue.
MBK Partners and The Siena Consortium have signed a share purchase agreement (SPA) to sell 100% of the equity interest in ゴルフゾーンカウンティ. The proposed transaction includes the sale of the existing interests held by MBK, at 58.37%, and ゴルフゾーンホールディングス, at 41%. The two companies reportedly competed in the bidding. The next focus is the legality of the drag-along right.
MBK claims that it had previously established and expressly specified its right to use the drag-along provision to sell 100%, including ゴルフゾーンホールディングス' interest. ゴルフゾーンホールディングス, meanwhile, opposes the sale of its interest and has indicated an IPO policy, while also foreshadowing legal action. The IPO had failed in the past, and the interpretation of the agreement's terms will determine future developments.