M&A Deal Summary

Persol Holdings Acquires Intelligence

On March 25, 2013, Persol Holdings acquired staffing company Intelligence from KKR and The Carlyle Group for 716M USD

Acquisition Highlights
  • This is Persol Holdings’ 1st transaction in the Staffing sector.
  • This is Persol Holdings’ largest (disclosed) transaction.
  • This is Persol Holdings’ 1st transaction in Japan.

M&A Deal Summary
Date 2013-03-25
Target Intelligence
Sector Staffing
Buyer(s) Persol Holdings
Sellers(s) KKR
The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 716M USD

Target

Intelligence

Tokyo, Japan
Intelligence is a comprehensive HR services company, providing services including 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. Intelligence was formed in 1989 and is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

Persol Holdings

Tokyo, Japan
Category Company
Founded 2008
Sector Staffing
Employees65,730
Revenue 1.33T JPY (2024)
DESCRIPTION

Persol Holdings Co. is an integrated HR services provider supporting contingent labor, placement, outsourcing and outplacement support. Persol Holdings was founded in 2008 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Japan) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 41 of 204
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 11 of 66
Country (Japan) 1 of 2
Year (2013) 2 of 7
Size (of disclosed) 32 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-18 Sealy

Trinity, North Carolina, United States

Sealy Corp. manufactures and markets a broad range of mattresses and foundations under the Sealy, Sealy Posturepedic, Optimum by Sealy Posturepedic, Stearns & Foster, and Bassett brands.

Sell $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-02 BMG Rights Management

Berlin, Germany

BMG Rights Management is a start-up by years of existence, however considered a major international player in the music industry.

Sell -
SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 224 of 480
Sector (Staffing) 2 of 2
Type (Add-on Acquisition) 106 of 197
Country (Japan) 8 of 17
Year (2013) 6 of 25
Size (of disclosed) 47 of 135
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-22 Broadleaf

Tokyo, Japan

Broadleaf Co., Ltd. develops and markets the Super Frontman automobile maintenance system and other system software packages for diverse kinds of automotive-related business operations, including administrative system packages that handle inventory control, customer management, estimate/sales/billing administration, police vehicle management and other administrative processes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-16 Boston Private Financial Holdings

Boston, Massachusetts, United States

Boston Private Financial Holdings, Inc. is a wealth management company that offers a full range of wealth management services to high net worth individuals, families, businesses, and select institutions through its three functional segments: Private Banking, Investment Management, and Wealth Advisory. Boston Private Financial Holdings was formed in 1987 and is based in Boston, Massachusetts.

Sell -
Mergr

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