Baker McKenzie And HSF Advised On $500M Acquisition Of Japanese HR SaaS Leader Jinjer

Baker McKenzie and HSF Advised on $500M Acquisition of Japanese HR SaaS Leader jinjer

Baker & McKenzie (Gaikokuho Joint Enterprise) advised private equity firms J-STAR Co and Potentia Capital on their joint acquisition of jinjer, a leading HR SaaS provider in Japan. While the financial terms remain undisclosed, reports estimate the deal's value at $500 million.

Herbert Smith Freehills (HSF) represented Potentia Capital on its Equity Funding and Co-Investment Arrangements for the transaction. J-STAR, a Japanese Private Equity Firm focused on mid-cap companies, partnered with Potentia, an Australasian Private Equity and Growth Capital Firm specializing in technology.

Their target, jinjer, offers a comprehensive, Cloud-Based HR SaaS Platform catering to enterprise clients in Japan. The platform spans the entire Employee Lifecycle, including HR Management, Payroll, Time Tracking, Expenses, Workflow, Performance Evaluation, and Talent Management.

The Baker & McKenzie Team was led by Tokyo-Based Partners Tetsuo Tsujimoto and Shinichiro Kitamura, with support from Corporate/M&A Partner Satoshi Abe, Senior Associate Tatsuya Niwa, Associate Takahiro Toda, IP Tech Partner Tsugihiro Okada, and Finance Counsel Takuya Wada, along with Associate Akiko Tsuji.

The HSF Team was headed by Partner Damien Hazard, with contributions from Joe Fisher, Filip Gavanski, and Melita Cottrell.

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