Longreach agrees Japan BPO carve-out from Olympus

Nippon Outsourcing provides administrative support services, covering human resources, accounting, finance and payroll functions, as well as back office support such as customer relationship management and fulfilment to a diversified customer base. It is one of the leading BPO players in Japan and positioned well for further growth, according to a statement.

Longreach will help the company generate new business domestically and overseas, working with the existing leadership team to augment management, bring in new capital, and leverage existing networks.

The private equity firm focuses on buyout transactions in Japan and Greater China, with $1.4 billion under management across two funds. To date, equity commitments by have ranged from $30-200 million.

Longreach has a history of carving out assets from Japanese conglomerates. Previous deals include securing a precision drilling business from Hitachi and a molded plastics manufacturer Sol-Plus Group from Arrk Corporation. In June, the GP acquired a majority stake in hamburger restaurant chain Wendy's Japan, facilitating the acquisition of First Kitchen, a local operator controlled by Suntory Holdings.

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• Topics
• North Asia
• Buyouts
• Support services
• The Longreach Group Limited
• Japan
• professional services