Bain Capital is exploring options for Works Human Intelligence Co. including a potential sale that could value the human resources software developer at as much as $2 billion, according to people familiar with the matter.
The private equity firm is working with an adviser on the potential transaction and has started reaching out to prospective buyers, said the people, who asked not to be identified discussing private information. Bain could sell its entire or partial stake in Works Human Intelligence, the people added.
Bain has made 21 investments in Japan including a 49.9% stake in chipmaker Kioxia Holdings Corp. and Showa Aircraft Industry Co., its website shows. The private equity firm has more than 40 investment professionals in Japan and manages about $160 billion in assets globally. Last month, it agreed to buy Olympus Corp.’s scientific instruments business Evident for 428 billion yen ($3.1 billion).
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