A cross-sector multi-disciplinary team at international legal practice Osborne Clarke has advised one of the UK's leading mid-market private equity investors, Endless LLP, on its sale of Affinity Workforce Solutions, a provider of education, health and social care staffing to CRG.
A UK leader in the healthcare and social care staffing market, the acquisition sees CRG shareholders Ian Munro, Tristan Ramus and Jamie Webb leading the next step of Affinity’s transformation and growth plans commenced under the ownership of Endless.
Affinity will complement CRG's portfolio of businesses by incorporating the well-established brands of CER, Monarch Education, Medicare First and Team24, together employing over 400 staff and delivering £100m of revenue.
As well as adding significant scale to CRG’s existing healthcare and social care offering, the acquisition provides CRG with one of the UK’s leading staffing providers within the education sector. This diversification will further enhance CRG’s existing services, making the group one of the dominant staffing businesses in the UK.
The transaction was led by one of Osborne Clarke's private equity specialists Partner Tim Hewens who was supported by Associate Seamus McKimm and Trainee Solicitor Busayo Yusuff. Colleagues from the banking team included Partner Max Millington, Legal Director Victoria Dingle, Associate Laura Hanley and Trainee Solicitor Ben Pearlman. Lara Flynn provided employment advice and Partner Kevin Barrow advised on contingent workforce matters.
This is the latest of five M&A deals completed in the workforce solutions team in the last few weeks, including deals involving Orion Electrotech, Dartmouth Partners, and MThree.
Osborne Clarke’s corporate team is considered a go-to practice for many companies in the recruitment and staffing sectors, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.
