Japan's Outsourcing buys Orizon from European GP

According to a statement, Outsourcing will take full control of the company for JPY9.8 billion ($83 million). Outsourcing said the transaction represented part of a global diversification strategy to brace against potential market disruptions on the scale of the global financial crisis.

Silverfleet invested EUR185 ($193 million) million in Orizon in 2007. Subsequent value-add work included the implementation of new IT systems to improve efficiency and help with recruitment of a new chief financial officer. The firm also oversaw two bolt-on acquisitions.

Founded in 2006, Orizon is considered Germany's eighth largest staffing company, with a focus on the mechanical engineering, aviation and medical sectors. It is expected to leverage the latest investment for expansion into other industrial European countries. It will also seek to establish an overseas footprint.

The company's unaudited financial results for 2015 indicate a 7% year-on-year increase in net sales to EUR266 million. During this period, net income jumped 192% to EUR1.8 million.

Previously known as PPM Capital, Silverfleet invests in established businesses with enterprise values of EUR75-300 million. It maintains offices in London, Munich and Paris, and claims to have completed more than 100 buyouts across Europe since 1985.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Europe
• North Asia
• Trade sale
• Support services
• Japan
• professional services