News
Cavendish advises on the sale of Digby Morgan Consulting Limited
15 November 2006Cavendish Corporate Finance is pleased to announce that it has advised on the sale of an 80% interest in Digby Morgan Consulting Limited, the leading UK specialist executive search, selection and human resources consultancy.
The majority shareholding has been acquired by Vedior NV, the Amsterdam based international staffing services company. Vedior operates from 2,200 offices in 45 countries worldwide, covering most of Europe, North and South America, Australia and New Zealand, South Africa, Middle East and Asia. The company has pro forma combined 2004 sales of €6,467 million, making it one of the world's largest staffing companies. The remaining 20% interest will remain with Digby Morgan's management.
Founded in 1988 by CEO John Maxted, Digby Morgan provides HR recruitment services in the UK and internationally, with clients ranging from leading multinationals such as Morgan Stanley, Accenture, Credit Suisse, Deloitte, Merrill Lynch, UBS, Ernst & Young, Deutsche Bank and Allen & Overy, to niche players. Digby Morgan achieved (audited) annual sales of £6.7m for the year ended 31 December 2005.