Clark Holt acted as lead lawyers for Outsource UK in its acquisition of the RZ Group. Law firms MSA Law and Burness Paull also provided specialist legal support.
Founded by Paul Jameson in 1991, Outsource UK is one of the largest independent recruitment companies in the UK. It specialises in supplying highly-skilled contract and permanent talent in technology, change and engineering roles to clients across many sectors including financial services, defence, engineering, cyber security, logistics and supply chain and the public sector.
Its acquisition of RZ Group will create a group with revenues in excess of £100 million, providing contract and permanent recruitment solutions to an enviable blue-chip client base.
Nick Dettmar, CEO of Outsource UK said, “The acquisition of RZ Group is a significant step in Outsource UK’s future growth plans and complements our existing operations and business culture. It will accelerate the significant organic growth Outsource UK has achieved with the addition of blue-chip clients, talented staff and greater geographic coverage. We welcome the RZ Group and its clients to Outsource UK and look forward to working closely together in the future.”
The value and terms of the transaction were not disclosed.
Nick Dettmar added, “Clark Holt and specifically Philip Humphreys supported us with the acquisition of Recruitment Zone. This was the largest acquisition we had ever made and Clark Holt were with us all of the way. They took the time to help educate us on the process and had the right balance between protecting our interests and getting the deal done. Philip was always available in and out of office hours and always delivered on his commitments. It was a pleasure to work with them and we are delighted with the outcome.”
Gambit Corporate Finance acted as lead advisor to Outsource UK on the acquisition.