Empresaria buys Headway stake_2
10 September 2012
Empresaria is to acquire 60% of Headway, a German recruitment company which supplies temporary staff in the personnel, logistics, engineering and industrial sectors.
Headway operates through 47
Headway operates through 47
Empresaria is to acquire 60% of Headway, a German recruitment company which supplies temporary staff in the personnel, logistics, engineering and industrial sectors.
Headway operates through 47 offices in Germany, Austria and the Czech Republic. The deal will cost Empresaria about £9.9m. It will raise £12m of cash by selling new shares. Chairman Tony Martin and chief executive Miles Hunt are putting £2.25m and £1.3m worth of their own money into the new shares. Funds not used for the acquisition price and expenses related to the deal will be used to reduce debt.
Headway operates through 47 offices in Germany, Austria and the Czech Republic. The deal will cost Empresaria about £9.9m. It will raise £12m of cash by selling new shares. Chairman Tony Martin and chief executive Miles Hunt are putting £2.25m and £1.3m worth of their own money into the new shares. Funds not used for the acquisition price and expenses related to the deal will be used to reduce debt.
