Ashurst is advising Smith Square Partners in relation to the £105 million takeover of Penna Consulting Plc by Olsten (U.K.) Holdings Limited, a wholly owned indirect subsidiary of Adecco S.A.

Adecco is a world leading provider of HR solutions and believes that the acquisition of Penna, a global people management business, will broaden Adecco's range of services in the UK and elsewhere.

Smith Square Partners is acting as financial adviser to Adecco in relation to the transaction.

The Ashurst team is being led by corporate partner Tom Mercer assisted by associate Harry Thimont.