Castle has advised fast growing recruitment organisation Galago Group (“Galago”) in its acquisition of Kent-based New Appointments Group (“NAG”), who join London-based Galago alongside its existing portfolio of staffing businesses.
NAG has a strong reputation in the Kent market, specialising in permanent, temporary and contract recruitment solutions across a variety of sectors, particularly in the manufacturing and engineering industries.
Following the acquisition, Galago will work closely with NAG’s existing senior management team to support the continued growth of the business alongside its other subsidiaries.
Castle Managing Director, Stuart Stepney, commented: “We’ve been working with Galago for the past two years. We’re delighted to have supported them on their acquisition of the New Appointments Group, a long-established and well-known Kent recruitment business. This is our third engagement for Galago, having previously advised on the acquisition of Northern Recruitment Group in 2019, and a £7 million re-finance with RBS IF in 2020. We wish both parties all the very best for the future.”
Financial due diligence was provided by Azets and legal advice from Outset Legal.