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MBO promises further growth at RDL

MBO promises further growth at RDL

A management buyout of RDL Corporation will accelerate the growth of the successful European pharmaceutical and IT recruiter, promises new CEO Stuart Britton. Britton, who has been Managing Director of RDLs main subsidiary SEC Recruitment since 2003, completed the buyout with fellow director Nigel Gardner with the support of venture capital funding from Matrix Private Equity Partners (MPEP).

Stuart Britton comments Despite the recruitment industry experiencing difficult times last year, RDL and the two trading subsidiaries, SEC and M3 Europe, continued to grow in 2009 and we are showing very strong trading in the last few months of 2010. The buyout will allow us to invest in our people development, systems and marketing in order to drive additional growth and further establish the businesses as market leaders in the specialist pharma and IT recruitment sectors.

SEC is a regular in the Hot100 list and has won plaudits from the Government and the REC for its innovative use of the apprentice programme.

Jonathan Gregory, who led the deal for MPEP comments: Weve tracked this company for some time and have been impressed with the management team and business performance. Growth is expected from geographical expansion as RDL secures an increasing amount of business from both the UK and Western Europe.

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