2 Based on the combined figures for Temp Holdings and Intelligence for the 12 months to December 2012.
This release contains certain forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Without limiting the foregoing, statements regarding the acquisition of Intelligence and the resulting combined business may constitute forward-looking statements. Such statements are subject to the risk that the terms of such transaction may be modified, the transaction may not be completed at all or the benefits and synergies from such transactions are not realized. The forward-looking statements are based on the beliefs, assumptions and expectations of the parties referenced herein, taking into account all information currently available to them. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to these parties or are within their control. None of the parties undertakes any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law.
About Temp HoldingsSince the establishment of Tempstaff Co., Ltd. in 1973, the firm has developed into an integrated HR services provider supporting contingent labor, placement, outsourcing and outplacement support. The group holding company Temp Holdings Co., Ltd. aims to be a leading HR service provider in Asia and was established in October 2008 and listed on the 1st Section of the Tokyo Stock Exchange (Stock code: 2181). Temp Holdings (President: Yoshiko Shinohara) is headquartered in Shibuya-ku, Tokyo and in the fiscal year ended March 2012 sales were JPY 233,195 million. Please visit www.temp-holdings.co.jp/english for additional information on Temp Holdings. About Intelligence Intelligence was established in 1989 and is a leading comprehensive HR services company, providing services including online and classified job advertisement services (under the brand of “an”), permanent placement services (under the brand of “DODA”), 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 formerly a subsidiary of Usen Corporation and was acquired by KKR in July 2010. Since then, in partnership with KKR and KKR Capstone, Intelligence has implemented wide-ranging initiatives to enhance management effectiveness and operational efficiency. Please visit http://www.inte.co.jp/en/ for additional information on Intelligence. About KKR Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with US$75.5 billion in assets under management as of December 31, 2012. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR Japan, established in 2006, is an integral part of KKR’s Asia Pacific team, which consists of more than 90 executives in seven offices across the region. In 2010, KKR completed an investment in a leading Japanese recruitment services firm Intelligence Ltd. from Usen Corporation. In 2011, KKR and Itochu Corporation were co-investors in Samson Investment Company, one of the largest private exploration and production companies in the United States. Also that year, KKR, Google and Recurrent Energy, a U.S. subsidiary of Sharp Corporation, formed a venture to invest in solar projects in the US. KKR has pan-Asian pool of capital of more than US$5 billion invested in 28 companies across the region. KKR’s portfolio is mixed by country, industry and sector and includes both minority and control investments. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR Capstone is a team of more than 60 operating executives across North America, Europe, and Asia who work exclusively with KKR portfolio companies to drive operational improvements. KKR Capstone has operational consultants that are dedicated to delivering management expertise in functional areas such as pricing, organizational design, sales force effectiveness, and operational efficiency. KKR & Co. L.P. is publicly traded on the New York Stock Exchange (NYSE: KKR), and “KKR,” as used in this release, includes its subsidiaries, their managed investment funds and accounts, and/or their affiliated investment vehicles, as appropriate. For additional information on KKR, please visit KKR's website at www.kkr.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV