Dains Corporate Finance advises on the sale of Next Recruitment Limited

Deal summary

The Dains Corporate Finance team has recently advised the shareholder of Next Recruitment Limited on a sale to Recruitment Investments Limited.

Formed in 2002, Next Recruitment recruits for industrial, warehouse, events, office and professional roles in and around Birmingham and throughout the West Midlands. The business has an outstanding reputation in the local area and has received the highest accreditation from the industry watchdog – The Recruitment and Employment Confederation.

For Recruitment Investments, who offer investment for businesses in the recruitment sector, the addition of Next Recruitment further extends geographical coverage into the Midlands and the group now has agencies in Loughborough, Leicester and Birmingham.

Our Role

Dains provided business sale services to Kirk Shepherd, managing the overall sale process from start to finish. Services included an underlying review of his business in advance of a sale, preparation of a sales document, identification of buyers, advice on valuation, price negotiations, and the introduction to lawyers.

What our client said

Kirk Shepherd, shareholder, commented: “Having spoken to several companies who deal with business sales, I was very pleased to be introduced to Rob Wilson of Dains. I worked with Rob and his team to not only present my business for sale but also to look at other key opportunities for growth.

The Dains advice allowed me to ultimately sell the business to a buyer who the Dains team were able to source. With the support of Rob and Dains, I secured the sale of my shareholding within the outlined timeframe, and for an acceptable price. Dains has continued to support me beyond the sale process which I am also very thankful for. If I was going through the sale process again, I would not hesitate to contact Dains for support.”

What we said

Rob Wilson of Dains commented “It was great to be introduced to Kirk at the outset of this transaction, and to manage the transaction through to a successful completion. The sale of Next Recruitment helps to secure the future of the company and build on the success that Kirk has achieved to date.”

Sell-side advisers on the transaction

Corporate finance advice was provided to the shareholders by Rob Wilson of Dains Corporate Finance.