M&A

19 November, 2009

Bain Capital says may exit Bellsystem via listing

TOKYO, Nov 19 (Reuters) - Bain Capital, which earlier this week announced a $1 billion acquisition of Bellsystem24 from Citigroup Inc (C.N), said it would look to list the Japanese telemarketer when it is ready to exit its investment.

"Bellsystem was a very successfully traded public company," said David Gross-Loh, managing director at Bain Capital Japan in an interview on Thursday. "Bain Capital is likely to consider listing Bellsystem24 in the future."

Bellsystem24 was listed until it was bought by Nikko Principal Investments, a private equity arm of Japanese brokerage group Nikko Cordial, which was later purchased by Citigroup. (Reporting by Junko Fujita; Editing by Jon Loades-Carter)

Source: http://www.reuters.com