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Bain Capital Private Equity acquires MSX International

Bain Capital Private Equity has acquired MSX International as it looks to profit from a trend for automotive companies to outsource more business processes.

The global private investment firm’s investment in the MSXI business, which specialises in the provision of technology-based services to the automotive industry and employs more than 6,000 experts in more than 80 countries.

A statement issued by Bain said that the company had innovated in the automotive industry for more than a half-century, delivering a uniquely competitive position and broad geographic and service capabilities.

The trend for automotive companies to outsource more business processes presents significant market opportunity to drive further expansion, it added.

Ivano Sessa, a managing director of Bain Capital Private Equity, said: “MSXI’s management team has put the company in an enviable position: it leads its market, has deep industry expertise and customer relationships, and also has substantial growth opportunities both internationally and by acquisition in a highly fragmented market.

“We believe that we can complement this top tier management team with our experience of growing global automotive companies, such as Sensata and TI Automotive, and global business process outsourcing companies, such as Genpact, creating a strong partnership for MSXI’s international development.”

MSXI provides a wide range of services and has three key business divisions: Retail Network Solutions, Managed Service Provider and Technical Staffing Solutions.

Retail Network Solutions provides business process outsourcing, consulting and training on behalf of automotive original equipment manufacturers (OEM) to manage OEM dealer networks and drive dealer performance.

Managed Service Provider acts as an intermediary between staffing agencies and customers, managing customers’ total non-employee labour with activities including contracting, supplier management, payment services, and advanced analytics.

Technical Staffing Solutions recruits and supplies engineers to a large automotive manufacturer in the US and Brazil.

Fred Minturn, president and chief executive of MSXI, said: “I am delighted that Bain Capital Private Equity will support us in our next stage of expansion and believe that their financial and operational resources will enable us to focus even more on innovation.

“Bain Capital have a long history of accelerating the growth of companies that they invest in and have consistently demonstrated a deep understanding of our business, which makes them the ideal partner for us.”

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