Lincoln International represents the shareholders of TMP Worldwide in its successful sale to TrueBlue
Lincoln International LLP (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that it has represented the shareholders of TMP Holdings Limited (“TMP”), in its sale to US-listed TrueBlue, a leading provider of specialised workforce solutions, including staffing, workforce management and recruitment process outsourcing (“RPO”).
TMP, which operates in the UK under the brand name TMP Worldwide, is the UK’s leading provider of employer branding, resourcing & RPO and recruitment communications services to both the public and private sectors. With employees spread across two business hubs in London and Bristol, TMP helps dozens of organisations build their talent pipeline.
TMP will be integrated into PeopleScout, TrueBlue’s RPO segment. The acquisition creates a powerful talent advisory offering for PeopleScout’s international client base and expands its global RPO capabilities and EMEA offering. TMP’s London headquarters will serve as PeopleScout’s EMEA headquarters and TMP’s Bristol delivery centre will join PeopleScout’s global delivery centre network which supports clients in more than 70 countries.
Lincoln supported the shareholders of TMP, as the exclusive M&A advisor, using its international expertise to successfully bring this cross-border deal to completion. Lincoln provided guidance on strategic options, marketing materials, process tactics and key negotiations by using its extensive transaction experience in the recruitment and workforce management sector, and the knowledge of the strategic buyer community.
Edward Lethbridge, Managing Director and Head of Lincoln’s UK Business Services team commented: “Uniquely, TMP has developed a highly regarded RPO proposition from its world class expertise in Employer Branding and Communications. TrueBlue recognised TMP’s enormous potential and valued the quality of TMP’s experienced management team“.
The transaction adds to Lincoln’s strong transaction credentials in the recruitment / RPO services sector.
About Lincoln InternationalLincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and joint ventures and partnering advisory services on a wide range of transaction sizes. With twenty offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.
More information about Lincoln International can be obtained at www.lincolninternational.com.