Hooper makes an Impact and buys out partner

Paul Hooper has become the sole shareholder of the East Midlands’ recruiter Impact Recruitment after buying out fellow founding partner Neil Kitchener’s shares in the business.

Hooper now assumes overall responsibility for business, while Kitchener leaves to pursue other opportunities.

The agency, which has offices in Northampton and Wellingborough, specialises in placing temporary and permanent talent with employers operating in industrial and commercial sectors, including engineering and technical positions.

Funding for the multi-million-pound buyout was provided by Allied Irish Bank (GB). Following the buyout, Impact Recruitment has also chosen Allied Irish to provide day-to-day banking facilities to the business, along with a working capital line.

Advising Hooper on the share buyout was Newcastle-based RG Corporate Finance with a team led by corporate finance senior manager Alex Simpson, and head of corporate finance and partner, Carl Swansbury. Legal advice to Hooper was provided by Ian Brent and Diana Mennie from Fladgate. Tax advice to Hooper was provided by Simon Whiteside and Charlie Burton of RG Business Tax.

Kitchener was advised by Philip Ellis of Optima Corporate Finance with legal advice from Steven Raize and Katherine Hornsby from Gateley.
 
Funding support was provided by business growth manager Martin Rankin and senior relationship manager Chris Dixon from Allied Irish Bank. Ward Hadaway provided legal advice to AIB.

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