CONTRACTS & DEALS: 2-4 JANUARY 2019

This week’s contracts and deals include: Key Capital Partners, Siamo Group

• Private equity firm Key Capital Partners (KCP) has sold its stake in recruitment and training firm Siamo Group to the management team in a deal backed by Clydesdale Bank. The terms of the deal were not disclosed.

Siamo provides temporary and permanent recruitment services combined with integrated apprenticeship accredited training, HR, payroll and IT services. Headquartered in Birmingham, it operates from 50 locations across the UK in sectors including retail logistics, e-commerce fulfilments and manufacturing.

KCP backed Siamo managing director Tony Bucciero in a management buy-out of Siamo in 2007.

Advisers on the deal include Ward Hadaway and Dains (legal and financial advisers for Siamo), and Freeth, Cartright and Orbis (legal advisers and financial due diligence for Clydesdale Bank).

FINANCIALS: Staffline claims Brexit is affecting temp to perm transfers

Recruitment and training group Staffline claims Brexit uncertainty is affecting demand for temporary workers.

Financials 17 May 2019

Lotus expands and creates new roles in the UK

Supercar manufacturer Lotus is creating 200 new roles in Norfolk and Warwickshire.

15 May 2019

NEW TO THE MARKET: 13-17 MAY 2019

This week’s launches include: BeatMySalary, Brightwork, Friisberg & Partners International, hackajob, LinkedIn, Odgers Interim, SPE Resourcing, Xpertise Recruitment

New to Market 13 May 2019

Recruiters find temp billings on the rise says Report on Jobs

Recruiters are seeing a rise in temp billings, despite uncertainty around Brexit, according to the latest KPMG/Recruitment & Employment Confederation ‘Report on Jobs’.

9 May 2019
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