Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Recruitment outsourcing company acquired in MBO

Recruitment outsourcing company acquired in MBO

Thu, 22 Sep 2016 | MBO/MBI



A recruitment outsourcing business based in Knutsford, Cheshire has been bought in a management buyout.

The de Poel company, who works with approximately 120 clients including Sainsbury’s, Warburtons and the NHS, has a £700 million turnover. Established in 2001, it has been purchased by the senior management team which has acquired a majority stake in a multi-million pound deal led by group managing director, Andrew Preston.

Mr Preston will take on the role of chief executive for the business and will go ahead with plans for expansion and development of a number of products and technology platforms. John Walker, previously of Equistone Partners Europe and Barclays, will become de Poel’s new non-executive chairman and will support the board.

In a statement, Mr Preston said: “Having been part of the de Poel journey for the last three years, I am very much looking forward to taking the reins and leading the company forward.

"As the NHS continues to face extreme budgetary pressures and private firms wait to see what the fall-out from Brexit may be, organisations are increasingly looking for commercial and administrative efficiencies in their temporary recruitment processes – without compromising on quality or fair pay for workers. de Poel has a huge part to play in providing this service in the UK, and we will be refocusing our efforts on cementing our position as a leader in this field."

The purchase was supported via a facility from Tosca Debt Capital, which provides debt capital of between £5m and £20m to SMEs. Santander Structured Finance also supported the buyout and will continue to provide working capital as the company’s incumbent bank.

Tosca Debt Capital said that they were “delighted” to have supported de Poel management team and look forward to working with the company to “achieve its full potential”.


Share this article



Latest Businesses for Sale

Financial Services Consultancy
South East, UK

Established financial services consultancy specialising in risk and compliance solutions for clients in the UK asset management sector. Utilising its extensive industry experience and knowledge the company successfully advises on all aspects of compl...

Asking Price: Offers Invited
Turnover: £1,484,000

Cleaning Company
South East, UK

Provides a comprehensive range of cleaning solutions, specialising in post-construction, cleaning projects. In addition to its core offering, the company provides contracted office cleaning, as well as window cleaning and other related services for c...

Asking Price: Offers Invited
Turnover: £763,999

RELOCATABLE


Electronic Engineering Company
UK Wide

Provides two core services, including installing, repairing and maintaining audio-visual systems, access controls and CCTV, and manufacturing bespoke electronics for use in end products. A multi-accredited company with an excellent industry reputatio...

Asking Price: Offers Invited
Turnover: £1,150,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
23
 
May
 

Moonpig to acquire gifting business at 4.2x turnover | BUSINESS SALE

Moonpig has announced a deal to acquire gifting experience b...

 
20
 
May
 

Administrators seek buyer for gourmet instant noodle brand | ADMINISTRATION

Bournemouth-based instant foods brand Mr Lee’s Pure Fo...

 
19
 
May
 

Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE

Legal services company Knights has acquired Portsmouth-headq...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.