Morson and Talent2 on the road to privatisation
Mon, 28 May 2012
Two global recruiters, technical specialists Morson and talent advisory firm Talent2, have taken steps in the direction of privatisation.
At its AGM last week, Morson shareholders voted in favour of privatising the business. A statement from the company said that it has “commenced the process of transitioning the business from one that is predominantly UK-centric to one that is able to take advantage of overseas opportunities”, saying that its management “believes that the transition of the business would be best achieved in the more flexible private company environment”.
The company is now due to be bought by MMGG Acquisition, a group consisting of Morson’s management team, which is: chairman Gerrard Godfrey Mason, group chief executive Anthony Mason, group finance director Paul John Gilmour and group managing director Kevin Patrick Gorton.
Meanwhile, Talent2 announced today (28 May) that its major shareholders have proposed to privatise the business, subject to shareholder and court approval, with the change being expected in September of this year.
A statement from the firm says that privatisation would give “flexibility to further increase our global footprint”.