Ryecroft Glenton close 'Integral' deal
The collaboration means that London-based Integral can draw on the resources, funding and expertise of a global player with a network of 3,500 offices worldwide to help it achieve its next phase of business growth.
Carl Swansbury, director of Ryecroft Glenton Corporate Finance, worked with the shareholders of Integral for a number of months to identify Experis as a strategic partner, and advised on the completion of the transaction, along with corporate finance senior, Abu Ali. Swansbury is delighted that the deal has now completed. He said: “This is a transformational deal for Integral. It was important that we identified a strategic partner like Experis that respected Integral and its strong niche in a very crowded market.
“The partnership will lead to growth and new opportunities for the firm. I’ve genuinely enjoyed advising Integral and its shareholders on this challenging transaction, which had many complexities. The partnership will benefit all stakeholders.”
Integral was established in 2001 and specialises in the placement of senior talent across the specialist areas of audit, corporate finance, consultancy, restructuring, risk & compliance and taxation. It recorded its most profitable year in the firm’s history in 2013, which also saw a 25 per cent increase in turnover. Integral’s managing director Steve Skeates is expecting similar growth again this year. Integral is now widely regarded as the pre-eminent executive search firm in its areas of expertise and it attributes its success to the quality of its specialist consultants and research team.
Steve Skeates said: “This is an ideal partnership for us. We benefit from the strength of Experis’ resources and global footprint, and the partnership means that we are free to focus on what we do best whilst having the support of a truly international business partner behind us. We have felt the benefits of the collaboration immediately, and we are excited at what the future holds.”
“Carl Swansbury’s involvement has made a very positive contribution to both Integral and Experis. His commercial understanding of the recruitment sector is second to none and this ensured we focused on the right issues at the right time. His energy and enthusiasm are also a priceless commodity and we thoroughly enjoyed working with him and the team at RGCF.”
Newcastle-based Square One Law LLP provided legal advice to the shareholders of Integral. Experis was advised by Osborne Clark.
Head of Square One Law’s corporate commercial team Jeremy Swift said: “The team was delighted to assist Integral in achieving this collaboration. The partnership is a great strategic move for the firm as it secures its status within the international marketplace and will enable its future growth and development.”
Integral will continue to be directed by Steve Skeates and its existing management team. Under the terms of the agreement there is no intention to merge the companies.
Experis UK Managing Director Geoff Smith said: “We’re delighted at the smooth completion of the partnership deal with Integral. The firm has built a strong brand and impressive track record in its sector, and we are keen to work with Integral to unlock potential for further growth, which will benefit both partners. We have already formed an excellent relationship with the Integral management team, and this will help to drive positive results in the future.”