Nursing recruiter acquired by trade buyer in La Salle-led deal
| La Salle client has achieved the successful sale of Nursing Recruitment company to a trade buyer in a deal led by Matt Dillon.
Having set up their Recruitment company circa 20 years ago, the shareholders were of the opinion that that they had possibly taken the company as far as they could, and decided that they wished to enjoy semi retirement in order to concentrate on other interests. The shareholders decided that La Salle Corporate posed the best option to assist them in achieving their goal. La Salle Corporate were instructed to seek a suitable buyer, take ownership of the process required, which would ultimately lead to a successful transaction with an Enterprise Value of circa £7million. Having identified a trade buyer, LaSalle then were composite in both instigating and completing the necessary negotiations that allowed the deal to proceed in the best interest of, and as directed by, their client. Ably supported by his sales team, Matt Dillon of La Salle Corporate led the transaction from start to finish. Dillon said: "Both shareholders were keen to find a suitable exit strategy at our initial meeting, albeit their preferred exit strategies differed, one keen to leave the company almost immediately, and the other happy to carry on and work within the 'new' organisation. I am delighted for the shareholders, and my team at LaSalle, that we were successful in this instance, to source a suitable, credible buyer, and negotiate the deal to its natural conclusion, with both shareholders realising their own personal goals." Gary Partridge of Lexington Corporate Advisors advised the acquirers on the acquisition and Greenaway Scott provided legal advice. He commented: "The company perfectly complements our clients' organisation and their existing group of companies and will enhance the growth trajectory of both businesses." The buyers have politely requested for anonymity in relation to both themselves and their acquisition, and for the price to be undisclosed. Confidentiality, the LaSalle USP, being key. |
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