£4m
NE WS
CONTRACTS
IS THE INVOICE FINANCE FUNDING PACKAGE LEEDS-BASED RECRUITER TSA HAS SECURED FROM HSBC BANK
CONTRACTS & DEALS
SRi Cheyenne Global sports, media and entertainment executive search firm SRi has completed a merger with US media and entertainment executive search firm The Cheyenne Group. The company is now known as SRi Cheyenne in North America, whereas SRi will continue to operate in other markets under the existing brand. SRi already has offices in Australia, Canada, China, Germany, Singapore, Switzerland and the UK.
Cross Country Healthcare US medical staffing specialist Cross Country Healthcare has been awarded a three-year contract with Vizient, a USwide network of communityowned healthcare systems and their physicians. The deal sees Cross Country act as the national provider for nursing and allied staffing, and certain workforce solutions to Vizient’s member network. The network is made up of academic medical centres, paediatric facilities, community hospitals, integrated health delivery networks and non-acute healthcare providers.
TSA Leeds-based recruiter TSA has secured an invoice financing funding package worth £4m from global bank HSBC. The firm has used the funding to open a new office in Digbeth, Birmingham city centre, which it says has been launched to capitalise on the Midlands’ “booming” rail sector that could be boosted even further by the prospect of work starting on HS2 (a highspeed railway project) in the next decade.
eTeam US-based staffing and talent management solutions provider eTeam has acquired Dryden Human Capital, the parent company of international recruiter Darwin Rhodes. In a statement, eTeam said the acquisition would enable it to increase its marketshare in London and the US, as well as providing access to new global markets. eTeam confirmed Darwin Rhodes will continue to operate under the Darwin Rhodes brand with their key team. Terms of the deal were not disclosed.
Gattaca Engineering and technology recruiter Gattaca has acquired Resourcing Solutions (RS), a specialist provider of contract and permanent candidates to clients across rail, power and built environment sectors. Gattaca subsidiary Matchtech Group is to take an initial 70% of shares from RS founder and CEO Richard Lawrance and RS investor Alysoun Stewart, with the option of purchasing the remaining 30% within 12 months of completion of the acquisition. Lawrance continues as CEO, with RS’s existing management remaining in place.
Retinue Health Managed services provider Retinue Health has agreed a clinical staffing contract with five health boards across the West of Scotland. Retinue Health, part of nGAGE Specialist Recruitment, will support the boards of NHS Greater Glasgow and Clyde, NHS Ayrshire and Arran, NHS Dumfries and Galloway, NHS Lanarkshire and NHS Forth Valley in controlling recruitment agency spend delivered through its neutral vendor model.
DEAL OF TH E MO NTH
Argyll Scott Professional services recruiter Argyll Scott has bought recruitment empire REED’s Hong Kong, Kuala Lumpur and Singapore-based operations, the companies announced. A selling price was not revealed. REED CEO Richard Post said
the move now allows REED to focus on its Asian business in Korea, where the company has built up what it called a “substantial presence”. Argyll Scott CEO John Hunter said his company was committed to growing marketshare within
Asia-Pacific. “By bringing these companies into the Argyll Scott fold, the enlarged Argyll Scott business will immediately attain market-leading positions in our hub offices in Hong Kong and Singapore.” Further, he said the acquisitions
would allow the enlarged group to accelerate expansion plans in other key commercial centres across the region. “We particularly welcome the addition of Kuala Lumpur to our office network as this has long been a key strategic market,” he added.
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09/02/2017 12:07