Devonshire Investment Group buys CEE assets from RR Donnelley

Venture capital funded Devonshire Investment Group (DIG) has bought the German and Polish assets of Devonshire from global marketing and communications organisation RR Donnelley, and plans to merge the firm with two other recruitment businesses.

Wed, 19 Oct 2016

Venture capital funded Devonshire Investment Group (DIG) has bought the German and Polish assets of Devonshire from global marketing and communications organisation RR Donnelley, and plans to merge the firm with two other recruitment businesses.

In a statement, released this week, DIG revealed the deal is expected to close by the end of the month, following the completion of customary closing conditions. Terms were not disclosed.

The chief executive of the new venture will be Michal Mlynarczyk, a previous regional director at recruitment giant Hays for Central and Eastern Europe.

The Devonshire brand that was established in 2001 in the CEE region will remain for a transition period during the integration with Polish IT contracting company VLOG and engineering permanent staffing firm CERN. The companies following the merger will comprise 70 consultants, with 300+ outsourced IT and engineering contractors, and will operate from four offices in Poland and two in Germany.

DIG is co-funded by OPOKA Ventures, a Polish specialised private equity fund being part of OPOKA TFI, and AdNext, an online marketing company, along with new CEO Mlynarczyk.

Twitter Twitter

Despite being fired, Shah recommends recruiters should try and get hired on The Apprentice

Would-be Apprentice candidates from the recruitment industry should think outside the box if they plan on pitching a new recruitment agency to Lord Sugar.

Lighter Side 17 November 2017

FINANCIALS: Impellam expects earnings to be down

Impellam Group says it expects full-year earnings to be slightly below expectations, according to a trading update.

Financials 16 November 2017

NEW TO THE MARKET: 13-17 NOVEMBER 2017

This week’s new product, offices and offerings include: CHOOZ, Geektastic, Gumtree, PMP Recruitment, RealRec, Thomas International

New to Market 14 November 2017

Recruiters need to rise to the AI challenge

Recruiters must prepare themselves for the rise and rise of artificial intelligence (AI) in recruitment.

New to Market 13 November 2017
Top