RSS

Networkers International buys recruitment firm

Article Date:  Mar 30 2007 Mark Dunne

Networkers International plc, an international recruitment agency, has strengthened its business after it bought MSB International plc, a provider of integrated recruitment services.

The deal was agreed for 73p cash for each MSB share, which has valued the deal at £14.97 million.

The acquirer received legal services on the deal from Rosenblatt Solicitors, the City law firm, with Seymour Pierce as its financial adviser, broker and nominated adviser.

Rosenblatt’s team comprised Tessa Laws, Dov Katz, David Altberg and Natalie Milne working on the deal.

Networkers provides technical personnel and services to the telecommunications industry while MSB supplies skilled professionals to the engineering, finance, human resources, sales and marketing, secretarial, supply chain and technology sectors.  

This story is from Growth Company Investor, the independent voice on fast-growing companies. Subscribe today for the latest AIM recommendations.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Research

  • Directors' Pay AIM 2009

    What should an AIM company pay its CEO or FD?
    What should a non-executive director or chairman expect to be paid?
    What benchmarks should AIM remuneration committee members be using when
    setting pay?

VCT Special Report 2009

This reports principle aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest.

Cash Shells Special Report 2009

A comprehensive overview of cash shells on AIM and PLUS, companies that have become a significant feature on the market landscape.

More

Events Calendar

The Media Magnate Awards 2009

26th March, Vinopolis, London

More

More News: Small-Cap Spotlight

Cape Lambert in £85m project sale

Aussie-based Cape Lambert Resources is selling its Lady Annie copper mine for A$135 million to Hong Kong-quoted China Sci-Tech.

Diamondcorp persists with funding

Gem miner Diamondcorp is hoping the strong recovery in rough diamond prices will facilitate its planned £5 million funding.

Cheap money dulls Brady

Lower returns on cash balances have flattened commodity trading software specialist Brady's annual pre-tax profits to £1 million.

Advertisement

Related articles

ACS buys Cerrus

Advanced Computer Software (ACS), a provider of IT services to the healthcare sector, has bought social care specialist Cerrus for £370,000. 

Networkers buys Comms Group

AIM-traded technology recruiter Networkers International has accelerated its overseas expansion through the acquisition of the Comms Group.

Company Profile: Volex

Power cord and cable maker Volex is restoring its credibility under a new management team led by CEO Ray Walsh.

European M&A in the doldrums

Global M&A is still struggling and Europe is feeling the sting more than others, according to quarterly research by mergermarket.  

Poll

Which currency will gain most this year?





Have your vote on current issues

People who read this also read

  • Choosing the right exit route

    Every entrepreneur selling their business wants to obtain the best combination of price, form of consideration, deal structure and compatible purchaser within an agreed timescale. The type of exit chosen determines much of this and two popular methods of disposal are...

  • Marchpole buys Greenmark

    Marchpole, a fashion brand management group, is to introduce its products to new customers after it bought Greenmark, a designer and distributor of ladies footwear.

  • Bulgarian Land raises £15 million

    Bulgarian Land Development has raised £15 million to pursue residential development in Bulgaria. Swedish property veteran Sten Mortstedt's CLS Holdings group is contributing £7.2 million.

  • Bankers fight back

    There’s been a general rush to pin blame on the banks for the current dearth of business finance. Here, we give bankers a chance to put their side of the story and ask them what they’re looking for from their business borrowers.

  • Q&A: Buying marketing lists

    I am interested in purchasing names and addresses for marketing purposes How can I find a decent list?

White Papers

12 Key Points to Consider When Selecting a Network Scanning Solution

Discover the 12 key points your company should consider before you evaluate and select a vulnerability assessment solution.

15-Minute Guide to Collaborative Case Management

This particular guide focuses on an innovative approach to case management in the public sector - Collaborative Case Management (CCM).

15-Minute Guide to Intelligent Capture

Intelligent capture enables organizations to cope with enormous volumes and varieties of documents, accelerate information time to value, and reduce the IT burden of supporting multiple point solutions.

More