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On October 31, 2016, the LCP2 Funds purchased 100% of the shares of Nippon Outsourcing Corporation (“NOC”) from Olympus Corporation (“Olympus”).
NOC is a comprehensive business process outsourcing (“BPO”) company providing a wide range of BPO services to a diversified blue-chip customer base. The Company is one of the industry leaders in Japan and is well positioned for significant further growth in the structurally growing BPO market in Japan.
The investment was a non-core subsidiary of Japanese conglomerate, Olympus Corporation and reflects a Longreach core investment focus on acquiring and adding value to high potential companies in the business services sector.
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