Technical Support Services International and Capital Engineering Personnel complete MBOs
Technical Support Services International (TSSI) and Capital Engineering Personnel (CEP) have both completed management buyouts. TSSI is a global business providing ICT staff in Europe, Africa, the Middle East, Asia and the Americas. CEP supplies staff to a wide range of industries including civil engineering, construction, rail & metro, IT & telecoms and aerospace.
Management were backed by a private equity fund and were advised by Fladgate, as part of a “buy and build” in the recruitment sector, of which this is the third acquisition.
Nipam Patel, who led the management team, said, “We were introduced to Ian Brent as a specialist M&A lawyer in the recruitment sector. He found financial backing for us and his colleague Jamie Hamilton steered us expertly through some difficult negotiations”.
Ian Brent, corporate partner at Fladgate, commented, “It is particularly satisfying not only to have guided this dynamic team through the legal hurdles but, through our connections in the recruitment industry, to have introduced them to the team which supported the buyout”.
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