We’re pleased to announce that the management team has completed a successful buyout of the Serocor Group. The deal was supported by specialist asset based lender Breal-Zeta CF and advised by law firm, Moore Barlow.
The deal enables the new management team – comprising David Wilson, Leon Howgill and Shaun Pope – to take control of the group and set a fresh strategic direction for the business.
Dave Wilson, COO, Serocor Group, said: “This is a fantastic opportunity for the new management team to embark on an exciting new business journey, focusing on providing opportunities for all in the Group.”
Commenting on the deal, Jeremy Over, Partner at Moore Barlow, said: “We are absolutely delighted for Dave, Leon, Shaun and the rest of the Serocor team – they have been a pleasure to work with and we are looking forward to seeing them steer the Serocor ship through the next exciting phase in its history.”
The team at Moore Barlow was led by Jeremy Over (Partner, Corporate). Financial and tax advice to the management team was provided by PKF Francis Clark. The principal sellers were represented by Geldards, and Crowell & Moring acted for Breal Zeta CF.
About the Serocor Group
Serocor is a £100m+ turnover recruitment group headquartered in Portsmouth, Hampshire. We’re an award-winning and established recruitment group attracting, retaining and growing STEM talent in partnership with our clients.