Press Releases in 2000
Help Desk Support Services
Multi million pound deal for Help Desk Support Service
March 2000
ICON Corporate Finance, the leading Hi-tech and e commerce advisers, secures multi-million deal for Devizes based IT recruitment company.
ICON Corporate Finance, the UK's leading technology and e commerce advisers, has negotiated the multi-million pound sale of specialist IT recruitment company HELP DESK SUPPORT SERVICES
HELP DESK SUPPORT SERVICES opened talks with IT and recruitment specialists Quantica late last year. The acquisition will further strengthen Quantica's position in the IT market and will make a valuable contribution towards the Group's profits. The deal, worth up to £4.5million (depending on future profits) is the latest acquisition for Quantica who recently reported a 20% increase in turnover to £18.1 million. HELP DESK SUPPORT SERVICES are based in Devizes and employ 17 people. The company also have offices in Manchester. Simon Francis, the Managing Director and his fellow directors will remain with the company at least for the next two years. Commenting on the deal, Simon said: "I am delighted, ICON were instrumental in securing us such a lucrative deal and we are looking forward to working with the management of Quantica and growing the business significantly in the next few years."
Quantica is a major listed IT recruitment consultancy. The company floated in June 1988 and includes technology and healthcare recruitment consultancies. Quantica has made considerable efforts to identify earning enhancing acquisitions for the Group, their focus being on businesses in similar sectors and also other 'people' businesses in order to exploit markets where Quantica does not currently operate.
The deal was masterminded by Brian Parker of Bristol based ICON Corporate Finance. Target Tax Consultancy based in Bath handled the tax planning and Swindon based lawyers Clark Holt handled the legal work for the vendors.
About Quantica.plc
Quantica plc is a recruitment and training group which was formed in June 1997 and which obtained a full Listing on the London Stock Exchange in June 1998. The Group offers proactive solutions including permanent and contract recruitment, research and training services to a predominantly blue chip client base, across a diverse range of industry sectors.
