BGF backed acquisition of Consort Group by Rethink Group

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryProfessional Services

The BDO Transaction Services team performed financial and taxation due diligence for the Rethink Group and BGF (Business Growth Fund), in respect of the acquisition of Consort Group. BGF, has invested in Rethink to facilitate this acquisition and anticipates further funding to support Rethink’s plans for organic growth and future selective acquisitions.           

The combined business is expected to generate revenues in excess of £130M in 2015 and will employ over 200 people globally. The strategic acquisition of Consort will significantly boost Rethink’s Talent Management (TM) service offering. Rethink specialises in both traditional recruitment and TM services. The demand for TM and recruitment process outsourcing services is expected to outpace growth in the broader recruitment sector as customers increasingly seek longer-term, strategic relationships with their talent partners.           

“The BDO Transaction Services Team provided excellent guidance and support to Rethink on both the Consort Group acquisition and the Business Growth Fund investment due diligence workflows. They quickly identified and clearly articulated the key risk factors and helped suggest appropriate solutions. In my view their approach to project management was spot on with the right amount of communication to ensure all stakeholders were kept fully up to speed on progress.”      

Ben Felton – Rethink Group CFO