Reuters – KKR Selling Intelligence Holding for $721M

KKR & Co. agreed to sell Intelligence Holdings to Temp Holdings for 68 billion yen ($721 million), almost double what the U.S. buyouts firm initially paid for the temporary staffing agency three years ago, Reuters wrote. Intelligence Holdings now has equity value of 51 billion yen, up from 32.5 billion yen at the time of KKR's purchase, the U.S. buyout firm said in a statement on Tuesday.

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