Case study

Banking Systems Ltd has sold an 80% stake to RISA Partners, Inc.

The private owner of Banking Systems Ltd has sold an 80% stake in the company to RISA Partners Inc. for US$15 million.

Based in Tokyo, Banking Systems Ltd is one of the unique staffing companies focused on IT engineering. It was founded by a Japanese entrepreneur, whose majority holding was acquired by the current representative CEO who accelerated its growth since taking over the company in 2010.

Established in 1998, RISA Partners is a small mid-size investment bank, an asset management firm and a private equity firm. In 2009, it was acquired by NEC Capital Solutions Limited. The group includes: RIFAS, Inc. focused on consulting and due diligence business on real estate and NPLs, RISA Loan Servicing, Inc. region-specific, loan administration and servicing platform, focusing on corporate revitalization, and RISA PARTNERS ASIA PTE. LTD., established in Singapore, acting as an investment bank together with the extensive network of former Singapore government representatives.

The owner was in need of growth capital for his other venture business, and since it was anticipated that it would take at least two more years to list Banking Systems Ltd in the Tokyo Stock Exchange, he decided to search for a partner who was willing to support its intended IPO process while monetizing most of his holdings.

Oaklins' team in Japan acted as financial and due diligence advisor to the buyer in this transaction.

Tombstone image for Banking Systems Ltd has sold an 80% stake to RISA Partners, Inc.

Key deal contacts

Taro Okayama

Japan

Managing Director

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Yasuhiro Yasumuro

Japan

Director

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