Stuart Britton, previously managing director of RDL Corporation’s main subsidiary SEC Recruitment, has completed a management buyout of RDL with fellow director Nigel Gardner.

Britton, who has been MD of SEC Recruitment since 2003, and Gardner completed the buyout of the European pharmaceutical and IT recruiter with the support of venture capital funding from Matrix Private Equity Partners (MPEP).

Britton, the new chief executive, says: “Despite the recruitment industry experiencing difficult times last year, RDL and the two trading subsidiaries, SEC and M3 Europe, continued to grow in 2009 and we are showing very strong trading in the last few months of 2010.

“The buyout will allow us to invest in our people development, systems and marketing in order to drive additional growth and further establish the businesses as market leaders in the specialist pharma and IT recruitment sectors.”