This is to announce that our wholly managed and operated investment fund, J-STAR No. 2 Investment Limited Partnership (the “Fund”) has transferred all shares of Primagest, Inc. (Headquarters: Kawasaki, Kanagawa, Company representative: Mr. Kiyohiro Miisho, URL: https://www.primagest.co.jp/, “PGI”) that the Fund held to ORIX Corporation (Headquarters: Minato, Tokyo, Company representative: Mr. Akira Inoue, URL: http://www.orix.co.jp/grp/, TSE1 ticker: 8591, “ORIX”). Note that ORIX has made its own announcement today.
PGI provides image solution services including scanning and managing documents, system development, as well as BPO business.
We have determined that PGI’s experience and knowledge in image information solution business and ORIX’s business efficiency knowhow are synergistic, and that PGI will be able to expand its business further more.
In approaching the share transfer, the following parties were enlisted: Nomura Securities Co., Ltd. and Jefferies (Japan) Limited as financial advisors, and Baker & McKenzie (Gaikokuho Joint Enterprise) as a legal advisor.