Grant Thornton advises Sopra Steria Recruitment Sopra Steria Recruitment has been sold to RSG plc

July 2019
Sopra Steria
Adviser to Sopra Steria on their sale to Resourcing Solutions Group
£undisclosed
Grant Thornton team
Business support services
Sell side
Corporate finance
UK

We are delighted to have advised Sopra Steria Recruitment on their sale to RSG plc.

Sopra Steria Recruitment (SSR), part of Sopra Steria Limited (SSL), is a leading provider of managed recruitment services to a broad range of sectors, and has been established for over 40 years. SSL’s strategic priorities have shifted focus and therefore a strategic partner was sought that would continues to support the leadership role of SSR in its chosen markets.

The acquirer RSG plc, have grown from a single recruitment company based in Bristol into a multi-million pound, UK wide network of expert recruitment businesses. The firm therefore provides SSR with the opportunity to further scale up its digital and consulting offering, strengthening its foothold in the private sector.

We were appointed by SSL to expertly manage the carve-out and sale of the business based on our extensive recruitment sector and complex carve-out experience. Our team worked closely with the shareholders to assess the strategic options available and tailored the right approach and solution.

We executed a streamlined process, including a full sale preparation and separation phase. This ultimately culminated in the identification of a strong strategic partner for the business in RSG plc, that now provides a breadth of additional recruitment solutions to SSR’s customer base.

Testimonials

It was extremely important to our Group to find the right long-term strategic partner for SSR and without a doubt, Grant Thornton’s extensive experience in the sector proved critical. They helped us identify a buyer and conclude a transaction that satisfied our requirement for a strong and stable home for the business and its people. Throughout the process, the GT team provided expertise and supported our Group on multiple fronts, most notably on a comprehensive carve-out of the business, and deftly managed key stakeholders on both sides of the transaction. We are well-pleased with the result.

Davinder Ahluwalia Director & CFO, Sopra Steria Limited

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