Benchmark International has advised on the successful sale of a 75% interest in Ball and Hoolahan Ltd to Empresaria Group plc for £1.5m.
London-based, Ball and Hoolahan, which has been operating for 25 years, specialise in recruitment consultancy services with a focus on the marketing industry. The Company services the corporate marketplace, working with a range of leading brands across the UK and Europe.
The acquirer, Empresaria Group, an internationally operating specialist staffing group, has a strategy to be diversified and balanced across geographies and sectors with a focus on high-growth markets. The group follows a multi-branded approach with 20 brands operating in 20 countries.
The deal comprises an initial cash payment of £1.0m, with an earn-out up to a maximum value of £0.5m, contingent upon the Companies performance for the financial year ended 31 March 2015. Roy Hoolahan, Ball and Hoolahan Managing Director retains a 25% interest in the Company and will continue to manage the business going forward.
Everyone at Benchmark International would like to thank all parties involved an wish them the very best of luck for the future.