KKR-Backed Japanese Temp Firm Valued At $720M In Sale

Law360, New York (March 26, 2013, 5:06 PM EDT) -- Private equity giant KKR & Co. LP is selling Intelligence Holdings Ltd. to one of Japan's biggest temporary employment agencies in a deal worth 68 billion yen ($720 million), ending a three-year partnership that fueled a five-fold jump in the human resources firm's profits, KKR said Tuesday.

In addition to swiping KKR's controlling stake, Temp Holdings Co. Ltd. will also grab the portion of Intelligence held by its management and employees. Subject to regulatory approval, the parties expect to button up the sale by the end of...
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