Potentia Capital, the private equity firm run by former MYOB chief executive Tim Reed and veteran investor Andy Gray, is searching for more deals in Japan after snapping up a fast-growing Japanese human resources software company.
The Australian software investor has jointly acquired Jinjer, one of Japan’s fast-growing HR software-as-a-service players, alongside Japanese private equity firm J-Star. Terms of the deal were not disclosed, but The Australian Financial Review understands Jinjer was valued at around $500 million.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
