InterQuest considers options including sale of company
21 October 2014
Recruitment firm InterQuest Group is launching a review of options to ‘maximise value’ for shareholders, including a potential sale of the company.
Tue, 21 Oct 2014Recruitment firm InterQuest Group is launching a review of options to ‘maximise value’ for shareholders, including a potential sale of the company.
A statement from the company said it had decided to initiate discussions relating to the sale under the City code on takeover and mergers, under which InterQuest’s board is able to communicate with interested third parties on a confidential basis.
The move follows the group’s interim results for the first half of 2014, which showed that net fee income was up by 34% year on year and adjusted profit before tax was up 82%.
Mark Braund, chief executive of InterQuest Group, told Recruiter that he couldn’t provide any further comment at this time but that as part of its review the firm was considering “all options”.
A statement from the company said it had decided to initiate discussions relating to the sale under the City code on takeover and mergers, under which InterQuest’s board is able to communicate with interested third parties on a confidential basis.
The move follows the group’s interim results for the first half of 2014, which showed that net fee income was up by 34% year on year and adjusted profit before tax was up 82%.
Mark Braund, chief executive of InterQuest Group, told Recruiter that he couldn’t provide any further comment at this time but that as part of its review the firm was considering “all options”.
