Samsic RH acquires Infor Group
Samsic RH, part of Samsic, has acquired Italy-based HR management and development company, Infor Group.
Infor Group, which in 2019 had turnover of €44m, employs more than 70 people in 18 employment agencies across Italy.
Corporate Finance International (CFI) acted as a financial advisor for Samsic RH.
Geraint Rowe, partner of Gambit Corporate Finance, commented, "Another significant human capital transaction advised on by our colleagues at CFI Italy. CFI has a dedicated team of M&A advisors specialising in the staffing sector across the UK, Europe, Asia and North America. The positive developments in the sector resulting from Brexit clarity, macro-political stability and transparency around IR35 will result in deal volumes and valuation multiples strengthening in H2 2020 and 2021."
Simon Marsden, director of Gambit Corporate Finance, added, "This significant European cross border transaction attests to the buoyancy of the human capital market. With a greater degree of certainty in key M&A markets such as the UK and corporates facing increasing pressure from stakeholders to deliver growth, high quality assets will continue to attract heightened attention and enhanced valuations resulting in increased M&A activity in the near term."
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