CVC supports MBO of Japanese staffing agency
CVC has backed a management buyout of the Japanese operations of Prompt Holdings, an employment agency formerly known as Advantage Resourcing, for an undisclosed sum. The buyout facilitates the exit of US private equity firm Cerberus Capital Management, ending a two-year sale process.
The firm will be renamed Technopro Holdings, with closing expected at the end of April. Charles Abadie, chairman of Prompt Holdings, will retain his position in Technopro, while Keith Mitchell, previously...
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