KBS Corporate Completes Sale of I.P. Recruitment Limited Within Seven Months
I.P. Recruitment Limited is an independent recruitment agency supplying temporary and permanent staff to a variety of sectors within its area. The company was established in 1994, and over the years has developed an excellent reputation and an enviable client base including several blue-chip organisations, some of whom have provided business for 20 years.
Sally Rowley and Daniel Rowley, the shareholders of I.P. Recruitment Limited, instructed KBS Corporate with the sale to allow for lifestyle changes. It became apparent during initial discussions that sourcing a synergistic buyer who would facilitate further growth of the business including the workforce, was of upmost importance. KBS Corporate’s research strategy was formed to find the prospective buyer who would ideally have experience in recruitment, and the knowledge and resources to push the company to new heights. This resulted in a focus on UK and European recruitment agencies, which attracted over 25 interested parties.
Kenect Recruitment Limited produced the final offer. This acquisition will support Kenect’s overall operation and growth expectations over the coming years.
Aadesh Patel, Corporate Deal Executive, at KBS Corporate commented: “Strong shared values between I.P. Recruitment Limited and Kenect Recruitment Limited enabled the deal to progress as quickly as it did. I am confident that this transaction will be a success for both parties.”