The corporate team at national law firm Gateley’s Birmingham office has closed its eighth acquisition deal in three months in the recruitment sector.
The firm has advised AIM listed client, Network Group Holdings on six acquisitions worth in excess of £2 million which complete a series of targeted acquisitions by the Solihull-based recruitment and outsourcing business.
As NGH looks to expand its recruitment offering across the UK, it has recently acquired employment firms specialising in the engineering, construction, procurement and financial accountancy sectors.
These include Birmingham-based Procurement People Recruitment, Network Professional Recruitment, Options Network and Sheridan Maine.
The two most recent deals completed earlier this month. These saw London based SSR Contract & Technical and SSR General & Management being brought into the fold to add to the recruitment firm’s experience in contract and management sourcing. The firm also completed two acquisitions for Pertemps Recruitment Partnership.
Pertemps has acquired a majority shareholding in Nurture People, a group of 12 technical staff agencies with an annual turnover of approximately £30 million, and a majority interest in Ashton Consulting (UK) , an IT consulting business with an annual turnover of approximately £6 million.
The Gateley team on the eight deals was led by corporate partner Paul Cliff supported by associates Andrew Cowan and Rachael Campbell and solicitor Tom Rush, as well as banking partner Philip Alton and solicitor James Dyson.
Mr Cliff said: “We advised on all eight of the acquisitions recently undertaken by NGH and Pertemps.
“It’s encouraging to see Midlands recruitment companies acquiring interests that will help strengthen the local job market whilst ensuring niche recruitment firms, that have suffered in these difficult times, can continue to flourish.”