Japan's Outsourcing to conduct management buyout with Bain (updated)
08/12/2023 14:25
(Updates with announcement by Outsourcing)
TOKYO, Dec 8 (Reuters) - Japan's Outsourcing 2427.T
said on Friday the company plans to go private by launching a
management buyout with Bain Capital.
The company's founder Haruhiko Doi will team up with Bain to
buy out all the company shares in a tender offer that could be
worth more than 200 billion yen in size ($1.39 billion).
Outsourcing, whose business includes dispatching personnel
within Japan and overseas, will be delisted if the tender offer
is successful.
($1 = 144.1700 yen)
(Reporting by Mariko Katsumura and Kaori Kaneko; Editing by
Christopher Cushing and Louise Heavens)
((Mariko.Katsumura@thomsonreuters.com;))