Mon, 28 May 2012

Recruitment investment group HB RIDA has been bought out from its investor Hamilton Bradshaw by its management team, led by chief executive Helen Reynolds.

It will now be named RIDA Human Capital Group, and will be looking to “accelerate the development of its acquisitions in the recruitment space”.

Reynolds says: “There is no doubt in my mind that HB RIDA has benefited from the guidance and partnership with Hamilton Bradshaw.

“However, as we enter a new stage in our strategic plan we are looking to continue with the rapid growth we have seen and become a trusted brand within the recruitment and investment space, thus benefiting our portfolio and driving our collective returns.”

HB RIDA was founded in 2009 and employs over 100 members of staff across eight UK locations.