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

US Bazaarvoice creates 170 jobs in Belfast

Texas-based software firm Bazaarvoice is creating 170 jobs at a new European base in Northern Ireland over the next three years.

27 June 2017

Computershare to create 300 jobs in Edinburgh

Australian financial services company Computershare is to create 300 new jobs over the next three to four years at a new technology centre of excellence in Edinburgh.

26 June 2017

APPOINTMENTS: 26-30 JUNE 2017

This week’s appointments include: Beyond Associés, Clear Company, IQX, Futurestep, Kentemp Recruitment & Staffing, Mazda Motors UK, Peace Recruitment, TeamJobs

People 26 June 2017

CONTRACTS & DEALS: 26-30 JUNE 2017

This week’s contracts and deals, including Amrop, CIPD, Driver Hire, Gravitas Recruitment Group, Hays Talent Solutions, Kubrick Group, Liquid Careers, N-Trust Care Services, Nakama, Recruitive Software, Sheffield Haworth

Contracts 26 June 2017
Top