Blackstone Group to acquire Technopro Holdings for JPY507bn.

Blackstone Group, an American multinational private equity, alternative asset management, and financial services firm that specializes in credit and hedge fund investment strategies, offered to acquire Technopro Holdings, a Japan’s technology-focused staffing and services corporate group, for JPY507bn. "This is a compelling opportunity that aligns with our strategy of investing in Japan’s future. We are investing in a high-quality IT services provider, which is bolstered by secular tailwinds in the digitization of the economy and artificial intelligence. TechnoPro attracts some of the best talent in the industry and provides mission-critical services that empower Japan’s blue-chip companies. We are excited to bring the full breadth of Blackstone’s scale, resources, and expertise in IT services and AI to help accelerate the company’s growth and its continued success," Atsuhiko Sakamoto, Blackstone Head of Private Equity Japan.