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Contracts/Deals: Japanese Recruit Gets Transatlantic Advantage

Recruiter (UK) (01/12)

Japanese staffing and outsourcing firm Recruit has acquired Delaware-based staffing and outsourcing company Advantage Resourcing America and Advantage Resourcing Europe from affiliates of Cerberus Capital Management. The deal is worth approximately $410m, with Recruit acquiring 100% of the company. The acquisition will make Recruit the world’s fourth-largest staffing firm by revenue, up from its current fifth-place.