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Increased appetite for deals in the recruitment sector

Increased appetite for deals in the recruitment sector
 
Around 70 recruiters attended the second Deal Room North event in Manchester last week.
 
The event, which is run jointly by top 20 firm of accountants Saffery Champness and Recruitment International magazine, brings together recruitment businesses looking to grow through acquisition or to sell all or part of their business.
 
Simon Kite, Partner in the Manchester office of Saffery Champness, commented: "Interest in this event was well up on last year and reflects our experience that a growing number of recruitment companies are looking to do deals. 
 
Most of the attendees were looking for acquisition opportunities, reflecting an increased optimism about future prospects for the sector.
 
It was also interesting to meet a number of attendees who were considering an exit and, with valuation expectations now much more realistic, these events present excellent acquisition opportunities for ambitious independent companies as well as the large national recruitment businesses.
 
We are committed to being regarded as the leading firm of accountants in the recruitment sector and, following the success of last night's Deal Room, we will run two further events in 2011.

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