Galago Group

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Castle has advised growing specialist recruitment business the Galago Group (“Galago”) in its acquisition of Newcastle headquartered Northern Recruitment Group (“NRG”).

NRG is a staffing business specialising in executive search and selection, as well as the provision of temporary, contract and permanent recruitment services.

The acquisition will see NRG and its recruitment processing outsourcing service, greenbean, become part of London-based Galago.

Galago will work closely with NRG’s existing senior management team to support the continued growth of the business alongside its other subsidiaries.

Galago’s Group Finance Director, Keith Boyce, said: “As our first acquisition, we wanted professional support from people that really understood the sector and were able to provide the commercial and technical insight that we were after.  Castle led a proactive process and brought together a deal team that proved to be an excellent mix of experts, giving us the added comfort that we had the right team working on our side.  The deal itself went through a number of incarnations and Castle ensured we achieved the right outcome.  Castle proved to be highly capable, available and assuring throughout and so we were really happy with their performance on this deal.”

Castle Managing Director, Stuart Stepney, added: “We were really pleased to work with the shareholders again at Galago and assist them in their first major acquisition since launch.  The deal should enable Galago to advance its expansion plans, broaden its geographic reach, and be able to offer a broader range of services to a wider customer base.

We would like to wish all involved the very best for the future”

Galago

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What is NOT a qualifying trade?
A company can be assumed to undertake a qualifying trade, unless it is involved in a non-qualifying trade. Examples of non-qualifying trades are:
  • dealing in land, shares or financial instruments;
  • providing finance or insurance;
  • leasing or receiving royalties or licence fees;
  • legal or accountancy services;
  • certain property-based trades such as property development, farming, market gardening, hotel management and operating or managing nursing homes or residential care homes;
  • the generation or export of electricity or the generation of heat or any other form of energy; producing gas or fuel.
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