Bain and GIC Explore IPO or Sale of WHI
Bain Capital and Singapore's GIC are exploring an initial public offering or a sale for Japanese human resources software provider WHI Holdings. The valuation for the company is estimated at approximately 3.2 billion dollars. Discussions remain at an early stage with no final decisions made.
Bain Capital and GIC are exploring an IPO or sale for WHI Holdings valued at $3.2B, people familiar with the matter said on Monday morning. The move follows co-control investments in the human resources software provider by the United States investment firm and Singapore sovereign wealth fund. An exit could rank among the largest private equity realignments in Japan's enterprise software sector this decade.
