KBS Corporate Completes Acquisition of Silven Recruitment
Silven Recruitment is a highly respected recruitment company that specialises in the supply of contract and permanent staff to the food and drinks manufacturing sector. Over the years the company has developed an excellent reputation with multiple blue-chip clients.
During the initial meeting it became clear that the shareholder was interested in pursuing an MBO, which would enable the majority shareholder, Ian Simkins, to leave the business with Jeremy Pierce, the current Managing Director, to take his place.
KBS Corporate was able to secure funding from Close Brothers in order to back the MBO.
Post completion, Ian Simskins will remain with the business in order to ease the handover period.
Silven Recruitment was advised by Guy Haynes, Corporate Director at KBS Corporate