Adecco To Acquire PE-backed Staffing Agency

Adecco Group, a global HR solution provider, announced that it has reached a share transfer agreement to acquire a 100% share of VSN Co., a manufacturing-oriented staffing agency, for about 9.1 billion yen. VSN went private in August 2010 via MBO with SBI Capital, an investment unit of the financial conglomerate formed by SBI group and Ant Global Partners, a mid-sized private equity firm.