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New Deal


Announced

Completed

Gi Group completed the acquisition of the European staffing business of Kelly Services for €130m.

Financials

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Transaction Value£113m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Majority

Friendly

Switzerland

office staffing

Acquisition

Outsourced HR and Staffing

Private

Single Bidder

Completed

Synopsis

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Gi Group, a temporary & permanent recruitment, staffing and jobs provider, completed the acquisition of the European staffing business of Kelly Services, a global specialty talent solutions provider, for €130m. “Today is a significant milestone in Kelly’s journey to become a more focused enterprise positioned to accelerate profitable growth. By further streamlining the company’s operating model to focus on higher margin, higher growth business and unlocking significant capital, we have greater flexibility and capacity to invest where we can compete and win over the long term,” Peter Quigley, Kelly President and CEO.

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