Temp Holdings gain Intelligence from KKR
3 April 2013
Japanese recruitment firm Temp Holdings has acquired all shares in HR services and recruitment firm Intelligence Group.
Wed, 3 Apr 2013Japanese recruitment firm Temp Holdings has acquired all shares in HR services and recruitment firm Intelligence Group.
Intelligence is bought from investment firm Kohlberg Kravis Roberts & Co (KKR) for an enterprise value of JPY68bn (£481m). The combined firm has total revenues of over JPY320bn, with just over two-thirds of this coming from Temp Holdings.
Yoshiko Shinohara, chairman, president and representative director of Temp Holdings, says: “We believe labour flexibility and mobility will be an important part of improving the competitiveness of Japanese companies and through this partnership we aim to support our customers' sustained growth by stimulating inter-industry labour mobility, provide stable employment opportunities to jobseekers, and thereby contribute to job creation and better serve our customers.”
Intelligence was acquired by KKR from Usen Corporation in 2010.
Intelligence is bought from investment firm Kohlberg Kravis Roberts & Co (KKR) for an enterprise value of JPY68bn (£481m). The combined firm has total revenues of over JPY320bn, with just over two-thirds of this coming from Temp Holdings.
Yoshiko Shinohara, chairman, president and representative director of Temp Holdings, says: “We believe labour flexibility and mobility will be an important part of improving the competitiveness of Japanese companies and through this partnership we aim to support our customers' sustained growth by stimulating inter-industry labour mobility, provide stable employment opportunities to jobseekers, and thereby contribute to job creation and better serve our customers.”
Intelligence was acquired by KKR from Usen Corporation in 2010.
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