In 2010, four years after setting up our Tokyo office, KKR acquired Intelligence, a recruitment and employment services firm, from Usen, a major cable broadcasting company.
This was KKR's first acquisition in Japan and was significant for two reasons. First, we were able to buy a subsidiary from a Japanese company. As I shared earlier, Japanese executives were reluctant to sell their subsidiaries. Second, we proved that KKR could help reform and grow companies, as we sold the company for nearly double the purchase price three years later.
