Singapores GIC to invest in Bain-owned Japanese HR software developer

▤ Summary

TOKYO, March 30 (Reuters) - Singapore sovereign wealth fund GIC will invest in WHI Holdings (WHI) to jointly own its operating company Works Human Intelligence with private equity firm Bain Capital. The Nikkei business daily had reported on Thursday the deal would value WHI at 350 billion yen ($2.6 billion), with GIC acquiring about half of Works Humans shares and the rest held by Works Human executives and Bain Capital. The U.S. private equity firm bought the business for 100 billion yen in 2019, according to the Nikkei. GIC and Bain said the additional capital will be used to support WHIs next phase of growth. Reporting by Kaori Kaneko; Editing by Robert Birsel and Lincoln Feast.

▦ Linked Companies

Thomson Reuters

$1B+