A Dorset-based law firm has helped a rapidly expanding recruitment business add to its portfolio by overseeing deals for the acquisition of three companies.
Trethowans, which has offices in Poole, Bournemouth and Salisbury in the South West, has supported Watford-based The MCG Group to purchase fellow recruiter RP International, Scottish training company Sixth Sense Trading and engineering and tech career specialist Jenrick Group.
The trio of deals, each completed for undisclosed sums, follow a £20m investment by MCG Group’s equity partner Tosca Debt Capital, which Trethowans also advised on.
A cross-section of Trethowans’ lawyers from its corporate, commercial, banking, tax and property teams acted for The MCG Group on all three deals, providing legal advice, undertaking due diligence, liaising with MCG’s overseas advisors and drafting the core transaction documents.
Mark Nixon, corporate partner at the firm who led on the deals with associate Jonathan Sherman, said: “We have a fantastic relationship with The MCG Group, which is a well-established client with an ambitious growth strategy. We have represented the company on many transactions over the years and are delighted to assist, once again, in helping it achieve its objectives.”
Trethowans said the acquisitions form part of an “ambitious” five-year growth plan for The MCG Group, which is seeking to build on the foundation of its recruitment businesses by offering "added value services" to its customers and candidates.
Colm McGinley, The MCG Group’s founder and chief executive, said the company was “very impressed” and was already working on other deals with Trethowans.
The law firm, which has been operating for more than 150 years, also has offices in Southampton and Winchester.
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