Boston, MA – Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised Associates for International Research, Inc. (AIRINC) on its cross border majority investment by Japanese publicly traded firm Relo Group, Inc. (Relo). Relo acquired a controlling stake in AIRINC for 2.13 billion Japanese Yen.
AIRINC is a leading provider of data and consulting services to organizations as a part of their workforce globalization strategy. The Company provides data and analytics to determine compensation, cost of living differences, housing and education costs, hardship allowances, airfare estimates, per diems, hypothetical taxes and transportation costs. AIRINC is based in Cambridge, MA with international offices in London, Brussels, Amsterdam and Hong Kong. The Company was founded in 1954 and serves a diverse customer base comprised of more than 900 global organizations.
Relo is based in Tokyo, Japan and offers relocation services to Japanese companies including consulting on overseas assignments, managing housing in Japan for corporate employees and procuring work visas. The Company also provides comprehensive fringe benefit programs, ranging from housing to leisure and lifestyle improvement. AIRINC is the first investment in the United States for Relo and will expand Relo’s global network and service offerings.
“This transaction is Relo Group’s flagship entry point to the US markets and represents a significant strategic move in the global mobility landscape,” commented John Ferrara, Capstone’s Founder and President. “The two firms have enjoyed a long partnership and already operate with a seamless offering so the move to combine world class services with proprietary data makes perfect sense.” Len Batsevitsky, Director at Capstone and lead banker on the transaction, added, “We are very proud of this cross-border human capital transaction that demonstrates the strength of foreign buyers and investors as a meaningful source of capital.”