The global outsourcing group, OUTSOURCING Inc. has acquired JBW Group (“JBW”) and its sister company Case Dynamics in a deal that valued the businesses at over £24m.
Jamie Waller, founder and CEO of JBW will remain a shareholder of the business and step up to the role of Group Chairman.
JBW is a judicial services business that provides debt enforcement and data analytics services to agencies of UK Government. It was founded in 2004, employs over 100 people and operates from two locations in the UK.
Commenting on the deal, Waller said;
“After running a formal process to find the right partner to help us grow JBW and take it to its next level, OUTSOURCING Inc. (“OSI”) was the natural choice. We had many expressions of interest and offers of investment but none were as compelling as OSI.
The deal that completed today will see no significant changes to JBW or its management team and as part of the transaction the existing Executive Board Members have all become shareholders. With the backing of OUTSOURCING Inc., the expertise and global reach they bring, this is a significant development for JBW’s future”
Mr. Haruhiko Doi, founding shareholder, Chairman and CEO of OUTSOURCING Inc., said,
“We are very excited to expand our global outsourcing capabilities into the debt recovery and enforcement sector. JBW Group is fantastic business that plays an important role in the UK economy and we expect to assist the incumbent management team to continue the great work they have already done.”
JBW Group was advised by Cavendish Corporate Finance and SXA.
OUTSOURCING Inc. is a Japanese multinational company headquartered in Tokyo and engaged in providing outsourcing services globally. OUTSOURCING Inc. has a strong network in Japan and operations in China, Indonesia, Singapore, Malaysia, Thailand, Vietnam, Cambodia, Australia, India, the UK, Belgium and Chile. In 2015, the company’s revenues are in excess of US$ 0.7 billion. OUTSOURCING Inc. is listed on the 1st Section of Tokyo Stock Exchange and has a market capitalization in excess of US$ 0.5 billion.