M&A Deal Summary

Recruit Holdings Co Acquires Advantage Resourcing America

On January 4, 2012, Recruit Holdings Co acquired staffing company Advantage Resourcing America from Cerberus Capital Management for 410M USD

Acquisition Highlights
  • This is Recruit Holdings Co’s 2nd transaction in the Staffing sector.
  • This is Recruit Holdings Co’s 4th largest (disclosed) transaction.
  • This is Recruit Holdings Co’s 1st transaction in Japan.

M&A Deal Summary

Date 2012-01-04
Target Advantage Resourcing America
Sector Staffing
Buyer(s) Recruit Holdings Co
Sellers(s) Cerberus Capital Management
Deal Type Add-on Acquisition
Deal Value 410M USD

Target

Advantage Resourcing America

Tokyo, Japan
website
Advantage is a member of a family of Staffing companies owned by parent Recruit Holdings Co., Ltd., based in Tokyo Japan. Advantage has offices in the U.S., Canada, UK and Sydney Australia. The Advantage service delivery model is “local market focus”, meaning that Advantage learns client requirements for primary skill sets in every local market we serve.

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Buyer(S) 1

Buyer

Recruit Holdings Co

Tokyo, Japan

website


Category Company
Founded 1960
Sector Business Services
Employees51,757
Revenue 2,871.7B JPY (2022)
DESCRIPTION

Recruit Holdings Co is a global human resources and information services company. Recruit's HR services include temporary staffing, permanent placement, recruitment advertising, consulting, assessment and training. The Company also provides a range of print, web and mobile services that help connect people with job opportunities. Recruit Holdings was formed in 1960 and is based in Tokyo, Japan.


DEAL STATS #
Overall 2 of 16
Sector (Staffing) 2 of 10
Type (Add-on Acquisition) 2 of 15
Country (Japan) 1 of 1
Year (2012) 1 of 2
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-18 Staffmark Holdings

Cincinnati, Ohio, United States

Staffmark is a provider of staffing services in the United States, operating predominantly under the well recognized brand name, 'Staffmark.' Staffmark operates over 300 locations, providing staffing solutions across a comprehensive range of disciplines. Staffmark's customized approach and market-specific knowledge are competitive advantages in a dynamic labor and economic environment.

Buy $295M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 Indeed

Austin, Texas, United States

Indeed, Inc. is a mobile and web-based job search engine for job listings worldwide. Indeed was formed in 2004 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


DEAL STATS #
Overall 14 of 54
Sector (Staffing) 1 of 2
Type (Add-on Acquisition) 4 of 27
Country (Japan) 1 of 2
Year (2012) 1 of 6
Size (of disclosed) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 TransCentra

Norcross, Georgia, United States

TransCentra is an established provider of integrated outsourced billing, remittance processing, and imaging software, and consulting services. TransCentra serves approximately 300 clients, primarily in the financial service, insurance, utilities, healthcare, and telecom industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-11 Guilford Performance Textiles

Wilmington, North Carolina, United States

Guilford Mills designs, develops, and manufactures fabrics and engineered products. The company offers automotive body cloth products and textiles for overhead systems, technical textiles and specialty fibers in North America and Europe.

Sell $257M