Trust Tech eyes controlling stake in gap personnel group

Japanese-listed staffing company Trust Tech has announced plans to acquire a controlling 75% stake in gap personnel group.

The UK blue-collar recruiter, which was founded by Gary Dewhurst (pictured), owns and operates a portfolio of companies that provide temporary and permanent staffing and training solutions across the fast moving consumer goods (FMCG), warehouse & logistics and manufacturing sectors from 45 locations across the UK, employing 240 staff and covering more than two million shifts for more than 1,500 companies each year.
The group’s existing management team, led by group managing director and shareholder Mark Roberts, will remain with the business, working closely with Trust Tech to further expand the group across the UK and Europe.

As part of the investment, Trust Tech revealed it will provide “significant” growth capital to enable the group to grow further, both organically and through an enhanced acquisition programme.

Advising on the acquisition, on behalf of gap personnel group, is Carl Swansbury, partner at Ryecroft Glenton Corporate Finance, supported by Alex Simpson. Tax advice is being provided by Ryecroft Glenton’s Simon Hopwood and Charlie Burton. Legal advice is being provided by Simon Herbert from Bevan Rose Solicitors.

Terms of the deal are yet to be disclosed.

Twitter Twitter

RTC Group allays fears over share price drop in wake of Carillion collapse

RTC Group is the latest recruiter to reassure its investors after a drop in its share price following the collapse of construction giant Carillion.

Financials 19 January 2018

Prince William helps ex-military step into jobs in the NHS

Prince William has launched a nationwide campaign aimed at helping military veterans, their partners and dependants find work in the NHS.

19 January 2018

Travel firm TUI looks to recruit 175 in Swansea

TUI has launched a recruitment drive to fill 175 jobs at its Swansea location.

18 January 2018

Carillion receivers in talks with potential buyers for SkyBlue

The official receivers of Carillion are seeking potential buyers for its recruitment business SkyBlue.

Financials 16 January 2018