Advantage Partners has successfully sold its stake in QIT Co., Ltd. to Asparant Group, positioning the company for further growth in the Japanese human resource services sector.

Target Company Overview

QIT Co., Ltd. is a prominent human resource service provider based in Yokohama, Kanagawa Prefecture. The company specializes in the dispatch of engineers and contractors, primarily within the automotive and electronics industries. Through its subsidiaries, including Resolution Co., Ltd., which focuses on automotive maintenance staffing, and Briza Co., Ltd., which offers personnel services for the semiconductor and electronics sectors, QIT has established itself as a key player in the field. This strong foundation supports their commitment to delivering high-quality staffing solutions.

Since the investment by Advantage Partners (referred to as 'AP Fund') in December 2020, QIT has undergone significant organizational enhancements, including the recruitment of top management and improvements to its management systems. These efforts have fostered a more robust operational framework that allows QIT to tackle challenges across its subsidiaries effectively. Additionally, in March 2024, the company executed an acquisition of Aiwa Engineering, known for its proficiency in equipment design within automotive welding and assembly processes, further driving growth through strategic mergers and acquisitions.

Industry Overview in Japan

The human resource services industry in Japan has seen substantial growth, driven by demand for specialized skilled labor across various sectors, particularly in technology and manufacturing. As busi