Cheshire-headquartered Gap Personnel acquired by Rcapital
Cheshire-headquartered recruitment agency Gap Personnel has been acquired by Rcapital in a corporate carve-out.
The deal has been backed by a £23.5m facility from Secure Trust Bank Commercial Finance (STB CF).
Established in 1997, Gap Personnel specialises in the industrial, professional, technical and healthcare sectors. Generating roughly £200m in annual revenue, the business has built a strong reputation for delivering high-quality recruitment services across the UK.
Rcapital has now acquired BeNEXT, the parent company of Gap Personnel, from Open Up Group Inc. Gap Personnel was purchased by Japanese-based Open Up Group in 2020, but due to a strategic decision was deemed no longer core to operations.
To fund the acquisition and refinance existing debt, Rcapital secured a £23.5m facility from STB CF, a company statement said. The funding will also support Gap Personnel’s continued growth, supporting it as it invests in its IT infrastructure, aimed at driving greater efficiencies within the business.
The acquisition marks Rcapital’s fifth corporate carve-out in the past 24 months.
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