Mishcon de Reya advised the management team of TMP Holdings LTD ("TMP"), on its sale to TrueBlue, a global provider of specialised workforce solutions. TrueBlue's acquisition will serve to strengthen the capabilities of its PeopleScout Recruitment Process Outsourcing segment in the UK and globally.
PeopleScout, a TrueBlue company, is the world’s largest RPO provider managing talent solutions that span the global economy, with end-to-end MSP capabilities supporting total workforce needs. TMP’s London headquarters will become PeopleScout’s EMEA headquarters, joining its existing worldwide headquarters in Chicago and APAC headquarters in Sydney.
Nick Davis, Head of Corporate and the Recruitment Services Group led the Mishcon de Reya cross-discipline team with Corporate Associate Lucinda Brendon.
Nick Davis commented:
This sale represents a significant milestone for TMP's business. The matter allowed us to demonstrate the breadth and depth of our knowledge within the Recruitment sector and we are very pleased to have had the opportunity to work with TMP on this transaction.
Andrew Wilkinson, CEO at TMP Holdings added:
This has been a critical step for TMP. Nick Davis and his team were there for us throughout and we appreciate the commitment and guidance from Mishcon to ensure this transaction was a success.