Executive search and recruitment firm Hat Pin has announced the proposed acquisition of 70% of the issued share capital of executive search firm Saxton Bampfylde Hever (SBH).

The deal could cost the AIM-listed firm up to £4.91 million, and will include SBH executive director Stephen Bampfylde joining the Hat Pin board.

Hat Pin chief executive Angela Campbell-Noë, said: “The SBH brand, its people and market position add an exciting dimension to our business.”

SBH chief executive Stephen Bampfylde said: “Both companies share the same excitement and views on the potential for SBH, and I am delighted to be joining the Hat Pin group.”