Case Study
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Client: Premier Group |
Description: IBI advised Premier Group, a leading Irish recruitment company, on its Stg£45.2m acquisition of UK-listed recruiter, Imprint plc, in May 2008. The completion of the transaction followed a competitive process with interest from two competing bidders, Hydrogen Group plc and OPD Group plc. Imprint, which was listed on the Alternative Investment Market of the London Stock Exchange, is an international recruitment business providing a range of services to multinational companies across multiple industries and locations. It has a network of offices in the UK, Europe, the Middle East and the Asia-Pacific region. The combination of Premier Group and Imprint creates one of the largest financial recruitment businesses in the combined UK and Irish markets. The all-cash offer represented a premium of almost 30% to the closing share price prior to the commencement of the offer period (relating to the preliminary approach by management in August 2007) and was implemented by means of a Scheme of Arrangement. |
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