Latham & Watkins Aids $410M Staffing Agency Buy

Law360, New York (January 4, 2012, 2:12 PM EST) -- Japanese human resources agency Recruit Co. Ltd. has purchased two temporary staffing agencies from private equity firm Cerberus Capital Management LP for $410 million in an effort to expand its presence outside Japan, the company announced Wednesday.

The transaction, which closed Dec. 30, was Recruit's third foreign acquisition since 2010. In the deal, Recruit took full ownership of Delaware-based Advantage Resourcing America Inc. and Netherlands-based Advantage Resourcing Europe BV, subsidiaries of the global Advantage staffing company managed by Cerberus funds.

“By combining our staffing services know-how...
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