September 26, 2022
Translink Corporate Finance in the UK, IMA Corporate Finance acted as the exclusive advisors to Encore Personnel on the sale to Gi Group.
For Gi Group, the acquisition of Encore allows the company to consolidate its position in the UK’s driving, industrial and manufacturing sectors. Active for more than 20 years, Encore operates through 11 branches plus 22 managed service sites, offering temporary and permanent recruitment solutions to clients across the UK.
“It was always my preference that should Encore be acquired it would be by a world-class recruitment leader in our sector, that shared our vision and cultural values. I am pleased to say this is very evident with Gi Group Holding,” said Pete Taylor, managing director of Encore Personnel.
Headquartered in Milan, and with more than 6,000 employees, Gi Group is active in more than 100 countries, due to its direct presence and strategic partnerships. Through its key brands, the company provides a suite of recruitment and HR solutions to more than 20,000 companies worldwide, generating revenues of €3.2bn (£2.79bn) and making it both the 5th largest recruitment and HR services company in Europe, and the 16th largest worldwide.
Gi Group Holding says it is committed to the creation of social and economic value for both employers and candidates alike. With a tagline of ‘More than Work’, the Group says its aims are two-fold: firstly, to ensure that employees experience enjoyable and life-changing work environments; and secondly, to enable a sustainable, streamlined and harmonious labour market for employers and employees alike – one that reflects the ever-changing needs of candidates and companies.
Established in 2001 and employing more than 200 staff, Encore Personnel has grown to become a £94m turnover agency, providing temporary and permanent jobs to the industrial, driving, energy, engineering, manufacturing, managed services, and professional services sectors. Ranked as one of the fastest-growth businesses in the UK (Sunday Times), it has been named twice in The London Stock Exchange Group’s prestigious ‘1,000 Companies to Inspire Britain’.
“Encore has grown into a leading player in the UK recruitment sector, developing into a business-critical partner for its clients, and the acquisition by GI Group considerably enhances their position. It has been a pleasure to advise the shareholders of Encore on this important transaction and we wish the combined business all the best for the future,” said Alex Thompson, Corporate Finance Advisor at Translink IMA Corporate Finance.
Contact our Team Members advising in this transaction:
Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance and M&A advisory services through over 30 offices in the key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
Translink IMA Corporate Finance is a leading sell-side and buy-side M&A boutique with a focus on UK and international cross border deals. It serves the UK market from offices in London, Leicester and Edinburgh, with significant experience in the tech, pharma, healthcare and industrial sectors, having completed UK and cross border deals as members of Translink for over 15 years. A breadth and depth of experience underpins a real focus on client outcomes and drives the effective and practical delivery of corporate transactions.
In Italy, through Translink Strempel & Co., it provides advisory services for corporate finance transactions (M&A, debt, fundraising, strategic consulting, and IPOs) thanks to a team that has gained articulated and multidisciplinary experience in some of the most important national and international institutions, industries, Corporate & Investment Banks and management consulting companies.