Gateley Plc advised Cordant Group plc, the top 10 UK recruitment giant and parent company of Cordant Recruitment, on their acquisition of Staffgroup, a sizeable international recruitment firm turning over £52.2 million and employing 120 staff, for an undisclosed sum.
Staffgroup will become part of Cordant Recruitment’s Professional Staffing division. The deal will enable Cordant to establish a mainstream presence for recruitment in the IT industry and also give its existing brands, in areas such as procurement engineering, banking and finance and executive search a gateway to new international markets through Staffgroup’s locations.
The deal was led from our Manchester office by Charles Glaskie, Corporate Partner and supported by Leigh Whittaker, Corporate Solicitor and James Benson, Banking Senior Associate. Other advisers included Deloitte Corporate Finance advising Cordant and Clearwater Corporate Finance advising Staffgroup.
Charles commented: “Cordant is a long-standing client of Gateley and we’re delighted to have completed another acquisition of a recruitment business on its behalf.”
For more information about our corporate activities please contact: Charles Glaskie, Leigh Whittaker or James Benson.