Japan staffing agency Outsourcing to undergo Bain-backed MBO

TSE-listed company plans to go private with $1.3bn buyout after rapid expansion

20231208 Outsourcing courtesy file photo

Outsourcing dispatches more than 110,000 employees in Japan and overseas, largely to the manufacturing industry. Its clients include major automobile and precision equipment companies.

Nikkei staff writers

December 8, 2023 18:37 JST

TOKYO -- Japanese human resources service company Outsourcing aims to take its shares private through a management buyout with Bain Capital, which will likely exceed 200 billion yen ($1.3 billion), Nikkei has learned.

Haruhiko Doi, founder and CEO of the company, which is listed on the Tokyo Stock Exchange, and the U.S.-based investment firm will make a tender offer in a move to improve Outsourcing's management efficiency after going through aggressive expansions via mergers and acquisitions.