Workflow
engineering staffing services
icon
Search documents
KKR to Launch Tender Offer for Forum Engineering
Businesswireยท 2025-11-10 06:30
Core Viewpoint - KKR is set to launch a tender offer for Forum Engineering, marking its first global impact investment in Japan, with the support of Forum Engineering's Board of Directors [1][3]. Tender Offer Details - The tender offer will commence on November 11, 2025, and is expected to run until December 23, 2025 [2]. - The offer price is set at JPY 1,710 per common share, representing a 40.74% premium over the average closing price for the six months ending November 7, 2025 [2]. Shareholder Agreements - KKR has reached an agreement with Mr. Izumi Okubo, the founder of Forum Engineering, who holds a 51.7% ownership stake, to support the tender offer [3]. - Mr. Okubo and La Terre Next will tender their respective stakes of 7.51% and 7.11% into the tender offer, while La Terre Holdings will tender its 37.07% stake in a subsequent self-tender [3]. Company Overview - Forum Engineering is a leading provider of engineering staffing services in Japan, specializing in connecting manufacturing companies with skilled electromechanical engineers [5]. - The company supports the career development of its 4,500 full-time engineers through structured training and competitive compensation [5]. Investment Strategy - The investment is primarily funded by KKR's Global Impact Fund II, which focuses on companies contributing to the United Nations Sustainable Development Goals (SDGs) [6]. - Forum Engineering's operations align with SDG 8, promoting decent work and economic growth by providing skilled workforce solutions [6]. Future Plans - Following the tender offer, KKR plans to implement a broad-based employee ownership program for Forum Engineering's employees [9]. - The partnership aims to enhance Forum Engineering's AI skills matching platform and expand training and development initiatives [7][8].