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October 4, 2006 - CDS receives investment from private equity fund - NIF SMBC Ventures
The following announcement was made by Jasdaq (Jasdaq Securities Exchange,Inc.) on October 4, 2006
NIF Corporate Management (NIFCOM), hereby announces that it has acquired 54.2% of the stocks of CDS through the transfer of stocks and the allocation of new stocks to a third party.
CDS was founded in 1998 as a firm specializing in executive search for high quality middle and senior management candidates.
CDS currently provides executive search services for clients in a wide range of industries including Consumer Goods, Information Technology/Telecommunications and Healthcare & Life Sciences. The major clients include many well-known foreign capital clients with their business base in Japan. CDS has a reputation for its very attentive support system for client firms and its outstanding capability to identify and secure top level talent to meet its' clients needs. CDS has successfully introduced secondments of its' staff to its client's personnel departments to help drive the in-house recruiting process.
The Japanese human resource recruiting business is growing steadily. It is expected that the expansion of this business market will be further accelerated by the changing attitudes towards the life-time employment system and the shift to the merit-based promotion system from the traditional seniority based system. An increasing number of newly established companies and existing companies with new hiring needs will continue to stir demand from firms in the human resources recruiting area, particularly those assisting clients fill the middle to top management positions.
By leveraging these factors, CDS will expand its business particularly with Japanese firms, where currently it has less clients compared with foreign capital ones, and also expand into new areas such as the financial industry. CDS also aims to establish business bases in countries in Asia in the near future to offer search service to its existing clients, as well as developing new clients and the company will enhance its business planning and management functions with such business expansion in mind.
NIF Corporate Management and NIF SMBC Ventures will help CDS enhance its corporate value by assisting in the acceleration of business development and growth through human resources support, management know-how and allowing access to its' network of connected companies.
Simon Childs and Jason Dacaret will continue in their roles of Representative Presidents of CDS and CDS' trade name, trademarks, and existing employees will all be retained.
An additional press release was made in the October 4th, 2006 issue of the Nikkei Shinbun detailing the transaction as well as highlighting other benefits to CDS and our customers.
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