Recruit Holdings €1.42 billion acquisition of USG People

Overview:

• Recruit Holdings has acquired USG People for €1.42 billion.
• The all cash deal saw Recruit pay €17.50 a share.
• USG People is a staffing and HR company.
• Recruit is a Japanese HR and information services company.
• The combined entity is active in Japan, continental Europe, the United Kingdom, the US and Australia.
• Bank of America Merrill Lynch acted as financial adviser to USG.
• Nomura acted as financial adviser to Recruit.

Wai Yee Tsang - Journalist