Technology

Potentia Capital snaps up Tokyo software start-up

Private equity investor Potentia Capital has jointly acquired fast-growing Japanese HR software company.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login 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 HR 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. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you.

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