Osborne Clarke has advised Allegis Group, one of the world's largest staffing companies, on its acquisition of UK IT recruitment specialist Aston Carter.
Allegis Group is a global recruitment business, serving a wide variety of sectors and industries. The group has 8,000 employees and has 90,000 contractors working with companies around the world.
Aston Carter is a well respected UK and international recruitment business, specialising in IT and financial recruitment.
The acquisition will expand the international operations of Allegis Group and bring additional expertise in the IT and financial sectors to the group's global operations.
Chris Hartman, President of International Operations, Allegis Group, says.
The acquisition of Aston Carter by Allegis Group is an exciting opportunity for us to expand our international footprint with a suite of services that will complement our current offerings. We engaged Osborne Clarke to assist us on this transaction because of their knowledge and expertise in the recruitment sector in the UK and Europe. We truly appreciate all the great work performed by the Osborne Clarke team.
Kevin Barrow, partner, Osborne Clarke, says:
This deal is the latest in a promising run of M&A activity in the recruitment sector. We expect this activity to continue as confidence in the prospects for specialist and international suppliers appears to be high. Our recent survey suggested that 37% of recruitment business owners in the UK are looking to buy or sell a business.
This is the 11th recruitment sector deal our team has advised on in the last 10 months, and further evidence of the trend towards globalisation of the industry.
The Osborne Clarke team advising Allegis in the UK was led by corporate partner Andrew Saul and included recruitment sector head Frances Lewis, recruitment sector partner Kevin Barrow, associate Matthew Bodfield, and solicitors Jake Turcan, Kerry Viner and Claire Bowles. The Osborne Clarke team outside the UK included specialists in 9 other countries. Aston Carter was advised by Olswang.
