Global law firm Eversheds has advised Pinstripe, a US-based Recruitment Process Outsourcing (RPO) business and its private equity backer Accel-KKR on the purchase of UK-based Ochre House.
The acquisition will form the largest independent provider of global RPO and strategic talent management solutions. Financial investments from both leadership teams and leading technology-focused private equity firm Accel-KKR, enabled the transaction.
Pinstripe and Ochre House’s combined global presence includes 767 employees, serving 88 clients in 43 countries around the world. This footprint includes Ochre House’s 2012 acquisition of two leading strategic resourcing firms in the Middle East and North Africa, TAAHEED and Carmichael Fisher.
The Eversheds team was led by Partner Richard Moulton (Corporate) assisted by Principal Associate Wyn Jones (Corporate), Principal Associate Ben Jones (Tax) and Associate Adam Griffiths (Corporate).
Richard Moulton commented:
“It was great to work with the management of Pinstripe and the Accel-KKR team on this cross-border transaction. This is the second Accel-KKR investee company we have advised on an acquisition into the European market. The enlarged business is extremely well-placed to go from strength to strength.”
Greg Williams, managing director at Accel-KKR commented:
“Accel-KKR’s support in bringing together Pinstripe and Ochre House underscores our belief in the power of these two industry leaders and the growth potential we see for multi-country RPO service delivery. Both Pinstripe and Ochre House embody characteristics that our firm looks for: a top management team, proven global leadership, a world-class client base and exceptional technology platforms.”
Dean Jacobson, a principal at Accel-KKR and lead of the combined Accel-KKR and Pinstripe deal team, added:
“I would like to thank Richard and the Eversheds team for the tremendous amount of time and effort that went into getting this deal done. It was a complex deal and it was great to have Eversheds as part of our team.”
