Empresaria acquires further 10% interest in Monroe Consulting
Empresaria has acquired a further 10% interest in the issued shares in Monroe Consulting Group Co. Ltd (Thailand) (“Monroe”).
The company announced the acquisition on 31st May 2016, pursuant to a shareholders’ agreement originally entered into on 13th May 2013.
Empresaria now holds a 70% interest in Monroe. The consideration, payable in cash, is £0.2m.
Monroe specialises in executive search in Thailand, targeting the consumer goods, health, industrial, professional and technology industries and forms part of the broader Monroe brand servicing clients across South East Asia and Central and Southern America. In the year to 31st December 2015, Monroe generated revenue of £1.3m and profit before tax of £0.4m.