MEDIA RELEASE PR37727
Bain Capital Completes Acquisition of BELLSYSTEM24
TOKYO, Dec. 31 /PRNewswire-AsiaNet/ --
Bain Capital today announced that it has completed the acquisition of
BELLSYSTEM24, Japan's leading call center operator.
On November 14, 2009, Citigroup Capital Partners Japan Ltd., a subsidiary
of Citi (NYSE: C), entered into a tender offer agreement with an affiliate of
Bain Capital under which it received cash consideration for its 93.5% stake
in BELLSYSTEM24. The total transaction was valued at approximately 100
billion yen (equivalent to US$1.1 billion), making it the largest buyout in
Japan in nearly two years.
"Bain Capital is dedicated to the continued success of BELLSYSTEM24, and
we look forward to working with the management team to grow the business,"
said Yuji Sugimoto, a Managing Director at Bain Capital. "As the Japanese
call center market continues to evolve, we believe there are significant
opportunities to expand BELLSYSTEM24's market leadership by carefully serving
the needs of customers across a variety of industries, and by offering
flexible and efficient services that help make businesses more successful."
Bain Capital has made investments in a variety of leading companies with
principal or significant operations in Japan, including MEI Conlux, Sun
Telephone, D&M Holdings, Toys "R" Us, and Burger King. The firm also has
prior experience in the call center industry, having invested successfully in
Stream International, a leading U.S. call center company. Bain Capital
established offices in Tokyo in 2006, and has a team of 20 investment and
operations professionals in Japan to pursue investment opportunities and work
with its portfolio companies.
Financing for the transaction was provided by Sumitomo Mitsui Banking
Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Corporate Bank
and others.
About BELLSYSTEM24, Inc.
service solutions to its clients through a nationwide network of contact
centers in Japan. The company's service offering includes e-commerce and
e-support services; customer relationship management ("CRM") and e-CRM
support services; research and marketing promotional services; content
planning, production, distribution, and information services; pharmaceutical
and medical support services; and communication-based marketing services.
These services are offered to clients in various industries, including
telecommunications, cable, broadband, satellite broadcasting, Internet
services, technology, and financial services.
About Bain Capital
firm that manages several pools of capital including private equity,
high-yield assets, mezzanine capital and public equity with more than $60
billion in assets under management. Since its inception in 1984, Bain Capital
has made private equity investments and add-on acquisitions in over 300
companies around the world, including investments in a broad range of
companies such as SunTelephone, D&M Holdings, MEI Conlux, Stream
International, Toys "R" Us and Burger King. The firm has a team of over 300
professionals dedicated to investing in and supporting its portfolio
companies. Headquartered in Boston, Bain Capital has offices in Tokyo, Hong
Kong, Shanghai, New York, London, Munich and Mumbai.
SOURCE Bain Capital, LLC
CONTACT: Alex Stanton of Stanton Public Relations & Marketing,
+1-212-780-0701, astanton@StantonPRM.com, for Bain Capital, LLC
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