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CFI UK acted as lead advisor to Outsource on its acquisition of Recruitment Zone

Cardiff – CFI UK is pleased to announce that they acted as lead advisor to Outsource on its acquisition of Recruitment Zone. The transaction will create a group with revenues in excess of £100 million, providing contract and permanent recruitment solutions to a blue-chip client base.

Outsource UK is one of the country’s largest independent recruitment companies. It specialises in supplying highly-skilled technology, change and engineering staff to clients across many sectors including financial services, defence, engineering, cyber security, logistics & supply chain and the public sector. Founded in 1991 Outsource UK has grown to become one of the country’s leading independent recruitment businesses, now with five offices across the UK (Birmingham, Manchester, London, Stoke-on-Trent, Swindon) and employing 80 people.

Recruitment Zone was founded in 1998 by David Bedford, Andy Barton and Lisa Kwiecinska and provides complete staffing solutions within the finance, IT, digital, oil and gas and engineering sectors. It operates from offices in Edinburgh and Bolton and serves a wide range of blue-chip clients.

Nick Dettmar, CEO of Outsource UK stated, “We are delighted to announce our new acquisition and look forward to exploiting the mutual benefits of bringing the two organisations together. We share a lot of common traits with both organisations being contract-heavy providers of technology and change professionals into similar sectors. We recently launched an extended suite of products and services that we are looking forward to sharing with our new customer base.”
Paul Jezzard, CFO of Outsource UK, stated, “This acquisition represents a significant step forward for our new enlarged group and will take us into the top 10 of IT staffing companies in the UK. Our combined turnover shall exceed £100m. This gives us the platform to continue to invest to realise our ambitious growth plans.”
The transaction closed on 3 April 2019.

Business Services

has acquired

Advised by:

Geraint Rowe

Samuel Forman

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