CONTRACTS & DEALS: 24-28 FEBRUARY 2020

This week’s contracts and deals include: Cornerstone OnDemand, Frontline Recruitment, Gi Group, Saba

• People development solutions specialist Cornerstone OnDemand is to acquire talent experience solutions provider Saba, a portfolio company of Vector Capital. The cash and stock transaction is valued at around $1.395bn (£1.04bn) and has been unanimously approved by the boards of directors of both companies. The combined company will have more than 75m users and serve roughly 7,000 organisations around the globe.

Centerview Partners and Morgan Stanley acted as financial advisers to Cornerstone in this transaction, and Cooley acted as its legal adviser. Morgan Stanley Senior Funding, Bank of America, Credit Suisse, Deutsche Bank Securities and Jefferies Finance have provided committed financing to Cornerstone for this transaction. William Blair & Company acted as financial adviser to Saba and Paul Hastings acted as its legal adviser.

The transaction is subject to the satisfaction of certain customary closing conditions and regulatory review, and it is expected to close in the second quarter of 2020.

• Nottingham-headquartered careers specialist Frontline Recruitment has agreed a partnership with food manufacturer Skinny Food Co to supply staff to its factory in Arnold, in the North of Nottingham.

• Birmingham 2022 has appointed international recruiter Gi Group as Official Recruiter for the Commonwealth Games, to help find 1,000 people over the next two and a half years, to join the team planning and delivering the event. 

Chancellor hand-outs to stimulate jobs and economy

Vouchers for meals out, a 15% VAT cut on hospitality and tourism offerings, and a £1k bonus to employers who bring back furloughed employees were among the initiatives revealed today by Chancellor Rishi Sunak.

Legislation 8 July 2020

CONTRACTS & DEALS: 6-10 JULY 2020

This week’s new contracts & deals include: Cornerstone OnDemand, IR35.io, Kingsbridge Group, Resume-Library, SNAPP Resume, Wagestream

Contracts 8 July 2020

Parkdean Resorts looks to recruit 1,500 for predicted UK holiday boom

UK holiday chain Parkdean Resorts has created 1,500 jobs as it predicts a fully booked summer, according to online news service Bdaily.

6 July 2020

Working practices and pay in clothing factories investigated in Leicester

Leicestershire Police, along with the Gangmasters Labour and Abuse Authority (GLAA) and the National Crime Agency, are among the organisations looking into allegations about how workplaces and factories in Leicester have been or are operating during the lockdown.

6 July 2020
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