Empresaria is to acquire 60% of Headway, a German recruitment company with a focus on supplying temporary staff to organisations in the personnel, logistics, engineering and industrial sectors.

The deal will cost Empresaria about £9.9m. It will raise £12m of cash by selling new shares.

Chairman Tony Martin and chief executive Miles Hunt (pictured) are spending £2.25m and £1.3m worth of the new shares respectively.

* Do you have news for Recruiter? Let us know at [email protected]