Synarbor chief executive Dean Kelly (right) is set to stay on at the education recruiter to oversee its handover to new owners following the company’s £18.4m sale to private equity specialist Sovereign Capital Partners.

Late last week Synarbor announced the agreement with the required 75% of the firm’s shareholders backing the deal.

Kelly told Recruiter this morning the agreement sees current Synarbor education services director David Evans promoted to managing director, while a new CEO will be recruited.

“Over the foreseeable months, I’ll be doing a timed and careful handover to an incoming CEO, yet to be named, after which I will be concentrating on the RDLC [Recruitment Directors Lunch Club] but also investing in recruitment start-ups outside of education and working with recruitment companies in non-executive director capacity,” Kelly told Recruiter.

Commenting on the deal itself, Kelly added the group’s directors were “excited and pleased” to have found a partner for Synarbor that has a strong record in human capital support services and the education market as a whole.

Law firm Eversheds advised Synarbor on the deal.

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