Gambit Corporate Finance Advises Outsource UK on its Acquisition of RZ Group

Gambit Corporate Finance acted as lead advisor to Outsource UK on its acquisition of RZ Group.

Founded by Paul Jameson in 1991, Outsource UK is one of the largest independent recruitment companies in the UK. It specialises in supplying highly-skilled contract and permanent talent in technology, change and engineering roles to clients across many sectors including financial services, defence, engineering, cyber security, logistics and supply chain and the public sector.


Its acquisition of RZ Group will create a group with revenues in excess of £100 million, providing contract and permanent recruitment solutions to an enviable blue-chip client base.


RZ Group (formerly Recruitment Zone) was founded in 1998 by David Bedford, Andy Barton and Lisa Kwiecinska and provides complete staffing solutions within the finance, technology, oil and gas and engineering sectors. With offices in Edinburgh and Bolton, the acquisition of RZ Group will expand Outsource UK’s geographic coverage adding to its five existing locations in Swindon, Manchester, Stoke-on-Trent, Birmingham and London.


Nick Dettmar, CEO of Outsource UK said, “The acquisition of RZ Group is a significant step in Outsource UK’s future growth plans and complements our existing operations and business culture. It will accelerate the significant organic growth Outsource UK has achieved with the addition of blue-chip clients, talented staff and greater geographic coverage. We welcome the RZ Group and its clients to Outsource UK and look forward to working closely together in the future.”


The value and terms of the transaction were not disclosed.


Gambit provided strategic and financial advisory services to Outsource UK, led the commercial negotiations and managed the due diligence and legal process. The Gambit team comprised Geraint Rowe, Simon Marsden and Sam Forman.


Geraint Rowe, Partner at Gambit, commented “We are delighted to have advised Outsource UK on its acquisition and look forward to seeing the business capitalise on the future growth opportunities available. Outsource UK has grown substantially through organic initiatives and the acquisition of RZ Group creates a market leading firm in the UK.Paul, Nick and the whole Outsource UK team have formed an enviable business culture and client focused ethos which RZ Group will complement seamlessly.”


Nick Dettmar added, “I would like to thank the team at Gambit for all their work in assisting with managing and executing the transaction. Their knowledge of and experience in the human capital sector, along with their strong transaction credentials, were key in structuring and delivering a deal that worked for all stakeholders.”


Legal advice was provided by Philip Humphreys at Clark Holt.

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