Clearwater Corporate Finance has advised Ochre House Limited (“Ochre House”), the recruitment outsourcing and talent management business backed by NBGI Private Equity (“NBGIPE”), on the sale of its subsidiary Parkside Recruitment Limited (“Parkside” or “the Company”) to Antal International (“Antal”).
The sale of Parkside will enable Ochre House to focus on its principal strategy of becoming Europe’s leading partner to businesses seeking creative solutions in talent management and recruitment outsourcing.
Parkside is a recruitment boutique based in Middlesex with many clients in the West London and Thames Valley region. Established in 1989, the company’s 34 employees provide expert permanent and temporary recruitment and resourcing solutions to the accountancy and finance and office professionals markets. Parkside boasts a broad client base, from small local businesses to blue-chip companies.
London-based Antal, which has 98 offices in 32 countries, is a global specialist in professional and managerial recruitment and offers its longstanding clients a wide range of international recruitment solutions, including permanent, temporary, interim and contract staffing.
Ochre House, which was subject to a management buyout in 2006 backed by NBGIPE, is one of Europe’s leading recruitment outsourcing and talent management businesses. Headquartered in London, Ochre House aims to deliver value through innovative, strategic approaches to all aspects of talent management, encompassing acquisition, engagement, development and retention.
Ochre House’s clients include O2, BUPA, SAS, Steria and Siemens. In response to increasing client demand for global capabilities, Ochre House now operates from six countries across Europe and Asia, which, together with its innovative partnership model, offers a unique combination of worldwide resourcing solutions, supported by local delivery.
Marcus Archer, partner at Clearwater, said: “The sale of Parkside will enable Ochre House to continue to focus on its goal to become Europe’s premier strategic partner for businesses seeking creative solutions in talent management. The transaction has allowed Ochre House and its shareholders to realise good value for the Company and focus on their principle strategy.
“Parkside is a high quality expert recruitment business with clear potential for growth through leveraging their existing client relationships, increasing consultant numbers and expanding their geographic reach. Its quality is clear and it has developed an outstanding reputation for its consultative approach with clients and candidates.”
The transaction represents Clearwater’s third deal in the recruitment sector in the last 12 months, having advised on the sale of ITN Mark Education Limited by Ochre House in May 2011 and the sale of Teaching Personnel in July 2010.