KKR To Buy Usen's Job Placement Unit For $356M

Law360, New York (June 18, 2010, 1:19 PM EDT) -- Private equity firm Kohlberg Kravis Roberts & Co. is planning to pick up job placement company Intelligence Ltd., a subsidiary of Tokyo-based cable broadcaster Usen Corp., for about $356 million.

KKR said Friday it had signed a definitive agreement to acquire Intelligence, which offers permanent and temporary job placement services and job search advertising, in a move that marks KKR’s first significant deal in Japan.

The companies said the acquisition was expected to close by the end of July.

Established in 1989, the unit operates recruitment...
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