Ward Hadaway’s Manchester team advises on MBO of recruitment and training provider
09th January 2019
Ward Hadaway has advised on the management buyout (MBO) of a recruitment and training provider with a turnover of more than £100 million.
Siamo Group provides temporary and permanent recruitment services combined with training, HR, payroll and IT services. It operates in sectors including retail logistics, e-commerce fulfilments and manufacturing and has 50 bases across the UK.
The transaction team at Ward Hadaway was led by Manchester Corporate partner Sean FitzGerald, and assisted by solicitor Mona Mojtabavi. Dains advised on the tax aspects of the deal.
Sean said: “We are delighted to have advised the seller on this transaction in order to realise value from this long-standing business. We wish everyone every success in the future.”
The deal is the latest in the recruitment and related sectors on which the Manchester team have advised, having acted on more than 20 deals over the last 24 months.
Siamo is headquartered in Birmingham and has branches across the East and West Midlands, Yorkshire, Stockton-on-Tees, Luton, Gloucestershire and Swindon. It also has on-site locations across the UK.