Fladgate advises on another recruitment MBO

Our team: Ian Brent

Fladgate have acted for management on the buyout of Technical Support Services International (TSSI) and Capital Engineering Personnel (CEP). TSSI is a global business providing ICT staff in Europe, Africa, the Middle East, Asia and the Americas. CEP supplies staff to a wide range of industries including civil engineering, construction, rail & metro, IT & telecoms and aerospace.

Management were backed by a private equity fund as part of a “buy and build” in the recruitment sector, of which this is the third acquisition.

Nipam Patel, who led the management team, said: “We were introduced to Ian Brent as a specialist M&A lawyer in the recruitment sector. He found financial backing for us and his colleague Jamie Hamilton steered us expertly through some difficult negotiations”.

Ian Brent, corporate partner at Fladgate, commented: “It is particularly satisfying not only to have guided this dynamic team through the legal hurdles but, through our connections in the recruitment industry, to have introduced them to the team which supported the buyout”.

Legal 500 2018 ranked Fladgate in the highest tier for M&A deals in the sub £50m category. Ian Brent was individually recommended. “The strong, bright, very experienced Ian Brent fights his clients’ corner well and is very knowledgeable, particularly in the recruitment sector.”

James Gordon of the Gordons Partnership acted for the seller.

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