DP Connect in MBO

Technology sector recruitment and outsourced IT specialist DP Connect has undergone a management buy-out.

The Bromley-headquartered agency, which also has operations in Cambridge and Edinburgh, has been acquired by current managing director Aidan Anglin from founder Toni Cocozza.

Anglin, who joined five years ago as an adviser to the board, subsequently becoming MD, will work with DP Connect’s existing management team, with support from Cocozza in an advisory capacity, to further develop and scale-up the business.

Commenting on his plans for the business following the MBO, Anglin told Recruiter in a statement: “We intend to use this new investment to accelerate our existing growth plans in the years to come to ensure we can maximise our geographic reach and stay at the forefront of the advances in technology and skills that will benefit our clients. 

“This will provide a stronger platform for our outstanding team, which we aim to grow in line with our continual development, and fulfil their potential,” he added.

Anglin was advised by Newcastle-based Ryecroft Glenton Corporate Finance, led by partner Carl Swansbury and manager, Alex Simpson, who structured the MBO and secured funding from Yorkshire Bank (North East) working with associate director Daryl Peart and Ian Stephenson.

Yorkshire Bank (North East) received legal advice from partner and head of banking, Louise Duffy, and corporate finance associate, Adam Rayner, at North East-based firm, Muckle. The legal advisers to Anglin were Andrew Wright, senior partner, and solicitor Arran Brooker from Clarkson Wright & Jakes.

Cocozza was advised by RSM with legal advice from ASB Law.

Terms of the deal were not disclosed.

• What are your views on this issue? Email us at recruiter.editorial@redactive.co.uk or tweet us below to tell us your thoughts. We will run comments online in a round-up at the end of the week.

Email story to a friend

Twitter Twitter

Future cyber security talent sorted but plugging gaps now is less certain

Recruiting the next generation of talent the UK needs to fight cyber security threats in the future is well under way – the challenge is dealing with the next five years.

19 October 2017

Top 10 socially engaged recruitment agencies

Hays, PageGroup and Adecco all feature in LinkedIn’s 2017 rankings for most socially engaged large recruitment agencies, but who has come where in the list?

19 October 2017

Start-up of the Month: EVA

Recruitment app provider LUCKYLINK has launched EVA (Employment Virtual Assistant).

New to Market 18 October 2017

Nicoll Curtin buys cyber experts BeecherMadden

Cyber security and corporate governance recruiter BeecherMadden has joined the technology-focused Nicoll Curtin Group, becoming the group’s second new business this year. No sale price was disclosed.

New to Market 16 October 2017
Top