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News : Bain Capital to Sell Portion of Japan Telemarketer Bellsystem24 to Itochu
Tokyo, July 29, 2014 -- U.S. buyout firm Bain Capital has agreed to sell a stake in Japanese telemarketing firm Bellsystem24 Holdings to Tokyo-based trading house Itochu Corp, the parties said in separate statements without disclosing the value of the deal.
Bain Capital will retain a 50.1 percent stake in Bellsystem24, which it bought from Citigroup Inc in 2009.
Bellsystem24, set up in 1982, employs about 20,000 operators at its 22 call centers nationwide. Itochu said it would make its telemarketing business as one of its core businesses after the acquisition of the stake in Bellsystem24.
Posted by Veronica Silva Cusi, news correspondent
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About Bain Capital:
Bain Capital is an American alternative asset management and financial services company based in Boston, Massachusetts. It specializes in private equity, venture capital, credit and public market investments.
Published: Wednesday, July 30, 2014