KKR Selling Intelligence to Temp

Kohlberg Kravis Roberts has signed a definitive agreement to sell human resources services company Intelligence to Temp Holdings. The transaction represents an enterprise value of ¥68 billion ($720 million) and an equity value of approximately ¥51 billion ($540 million). Intelligence provides online and classified job advertisement services, permanent placement services, temporary staffing services, IT and business process outsourcing services, public solutions services and IT system development services in Japan, as well as permanent placement services in China and South East Asia. KKR acquired the company in July 2010.

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