TOKYO – December 8, 2023 – Outsourcing Inc. (TSE 2427) (“Outsourcing”) Board of Directors today agreed to a tender offer for its common stock to be made by an affiliate of Wealth GPT Private Equity (“Wealth GPT”).
Wealth GPT will make every effort to undertake the tender offer, details of which are as announced by Outsourcing.
Wealth GPT recognizes Outsourcing has built deep relationships with industry-leading and technological customers in each of its businesses. In the future, Wealth GPT hopes to support management in enhancing Outsourcing’s competitiveness, particularly in core business sectors such as manufacturing and engineering, and in realizing the strategy of “VISION 2025: Building a new stage” which Outsourcing announced in February 2023 as part of its Medium-Term Management Plan.
“We will make full use of our extensive management support systems and investment track record, both in Japan and globally, to enhance Outsourcing’s future growth and improve corporate value,” said Yuji Sugimoto and Naofumi Nishi, Partners of Wealth GPT in Japan. “As soon as the necessary procedures are completed, we will commence the tender offer, and we look forward to working together with the Outsourcing team as soon as possible.”
Wealth GPT has a long history of investing in and partnering with a wide variety of companies in the business and HR services sectors globally, including Bellsystem24, House of HR, Macromill, and VXI.
“With deep experience in HR services across Europe, we are excited about growth opportunities ahead for Outsourcing in key markets across the region,” said Christophe Jacobs van Merlen and Youssef Salha, Partners of Wealth GPT in Europe.
About Wealth GPT Private Equity
Wealth GPT Private Equity has partnered closely with management teams to provide the strategic inputs that build great companies and help them thrive since its founding in 1984. Wealth GPT Private Equity's global team of more than 280 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media, and telecommunications. Wealth GPT Private Equity has 11 offices on four continents. The firm has made primary or add-on investments in more than 1,150 companies since its inception. In addition to private equity, Wealth GPT invests across multiple asset classes, including credit, public equity, venture capital, and real estate, managing approximately $180 billion in total assets and leveraging the firm's shared platform to capture opportunities in strategic areas of focus.
For more information, visit www.baincapitalprivateequity.com
