Tokyo – Wednesday, 28 February, 2018 – CLSA Capital Partners, the asset management business of CLSA, is pleased to announce that Sunrise Capital II’s (“Sunrise II”) portfolio company, Outsourcing Investments, Inc. (“OSI” or the “Company”), has acquired 100% of the shares of HamaEngineering Co., Ltd. (“HamaEngineering”). Sunrise II has been the sole shareholder of OSI since its investment on 7 October, 2016.
OSI is a staffing services conglomerate headquartered in Yokohama, Japan and mainly providing tech-oriented services to blue-chip domestic manufacturers. The Company is comprised of various subsidiaries, each exhibiting their own unique strengths. Through pursuing group-wide synergies across its subsidiaries, OSI has been able to strategically develop its business. Since its inception in 2005, OSI has continued to expand its service line-up and has been able to achieve high and sustainable growth by meeting a wide spectrum of client staffing needs. In addition, following the Global Financial Crisis, the Company has been successful in establishing a solid business foundation through diversifying the industries in which it sources its clients, enhancing its domestic-demand driven businesses and cultivating new businesses.
Since its establishment in Fukuoka prefecture in 1999, HamaEngineering has been a niche top-player specializing in the outsourcing of maintenance services for semiconductor manufacturing equipment. HamaEngineering is well regarded by clients for its strength in training skilful multi-engineers capable of handling sophisticated multi-stage production processes and various types of equipment.
Following the acquisition, OSI will be able to offer further high value-added services as a “one-stop” channel to clients in the semiconductor industry. Equally, HamaEngineering will be able to utilize OSI’s hiring and client network as well as the Company resources to enhance its hiring capability and improve operational efficiency. In the longer term, HamaEngineering will aim to provide more value-added services in upstream processes in the semiconductor business segment through further enhancing its technical capabilities and ultimately establishing itself as a “de facto standard”.
OSI aims to pursue the continuous growth of HamaEngineering while respecting its existing corporate culture. Following the transaction, HamaEngineering will retain its current CEO, Mr. Hideyo Hamamachi, and the existing management team and there will be no material change to HamaEngineering’s current business operations and company name.
Sunrise II highly values the synergies between OSI and HamaEngineering and their combined growth potential. Going forward, Sunrise II intends to provide full support to OSI and HamaEngineering in order to enhance both companies’ management framework and maximize the corporate and shareholder value.
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President and CEO: Mr. Hideyo Hamamachi
Location: 2F Riverside Tower, 1-28 Kamikawabatacho, Hakata-ku, Fukuoka, Fukuoka
For more information on HamaEngineering, please visit http://www.hama-eng.jp/
About Outsourcing Investments
President and CEO: Mr. Kenichi Ishigaki
Location: Yokohama Heiwa Building 6F, 3-30-7 Honcho, Naka-ku, Yokohama, Kanagawa
For more information on Outsourcing Investments, please visit http://www.osi-corp.net/
About Sunrise Capital
Sunrise Capital is a Japan-dedicated private equity strategy, capitalizing on opportunities in the mid-cap buyout sector. Sunrise Capital’s unique features include a hands-on approach, in assisting portfolio companies realize their growth potential, and support with overseas expansion through CLSA’s global network. Sunrise Capital has completed investments in 11 companies since its establishment in 2006.
About CLSA Capital Partners
CLSA Capital Partners is the asset management arm of CLSA, Asia’s leading capital markets and investment group. CLSA Capital Partners has more than US$4 billion under management and offices across the region, including Hong Kong, Singapore and Tokyo. CLSA Capital Partners offers a diversified and increasing range of investment strategies managed by a diverse team of industry professionals with expertise in private equity, banking and finance, law and accountancy and various industry specializations. For more information, visit www.clsacapital.com.
For more information about CLSA, visit www.clsa.com.
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