Dains Corporate Finance provides due diligence services to Gap Personnel in support of the joint venture arrangement with Driving Force
Gap Personnel Holdings Limited and Driving Force Recruitment Limited have joined together under a joint venture arrangement, with due diligence and tax structuring advice provided by Rob Wilson and Stuart Gooderham of Dains LLP.
Mark Roberts, Managing Director at gap personnel said: “Gap Personnel’s investment is aimed at providing Driving Force with the ability to grow into new markets and at the same time, provide Gap with a solution to supply drivers - from vans through to LGV C&E. Our mid-term plan for the partnership is ambitious; we will be introducing a funded warehouse to wheels training school, HGV driver training and Driving Force will also be operating a fleet of wagons so they can offer a licenced driver and a tractor unit if the client requires this level of provision.
What our client said
Shingo Toyama, Executive Chairman of Gap said “It was absolutely pleasant to work together with Dains corporate finance team, whilst this deal negotiation was very tight schedule. The team was surprisingly responsive, well-organized, and professional. Thanks to their work, we could start our exciting joint venture journey.”
What we said
Rob Wilson, Senior Manager at Dains said “We were delighted to have the opportunity to support Gap Personnel in this joint venture with Driving Force. This was my first experience of working with Shingo and was delighted to be able to add value to the process through our due diligence work, focussing on key issues such as the underlying profitability of the business and the structuring of the joint venture from a tax perspective.”