A group of five outside investors has backed the multi-million euro purchase of the Sigmar recruitment business from the receiver appointed to Newcourt, its parent company.
The buyout was led by Adrian McGennis, the chief executive of Sigmar and several other executives. The MBO also included an equity contribution from over half the staff.The price for the deal has not been disclosed.
The five outside investors will have a 45 per cent stake in...
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