Wednesday, July 1, 2009

Penna Consulting Acquires Business and Assets of Barkers Group

Penna Consulting Plc, a human resources consulting group, has acquired the business and certain assets of Barkers Group Limited for a cash consideration of GBP8.6 million from the administrators of BNB Recruitment Solutions PLC. All the companies are based in the UK.

Both Barkers Group and BNB Recruitment are providers of recruitment solutions, recruitment consultancy, and outsourcing solutions.

The acquisition will be funded from Penna's existing cash and working capital facilities.

Hawkpoint Partners is acting as financial advisor to Penna Consulting.

Deal Value (US$ Million) 14.21
Deal Type Acquisition
Sub-Category Asset Purchase
Deal Status Completed: 2009-06-29

Deal Participants

Target (Company) Barkers Group Limited - Business and Assets
Acquirer (Company) Penna Consulting Plc
Vendor (Company) BNB Recruitment Solutions PLC

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