The acquisition also presents the opportunity to potentially expand the Smart Moves brand in other locations and supports Antal International’s strategy to build its presence across the UK. It is an ideal partner for other Antal’s office professionals staffing agency Parkside Recruitment.
Established in 2000 by Managing Director Julia Hale and her co-founder Louisa Harris, Smart Moves places office-based personnel into a variety of temporary and contract roles across a number of business sectors. Smart Moves’ reputation and expertise will support Antal International’s growth, particularly in the placement of talent on a contract and temporary basis, which is increasing in prominence in the UK job market.
Following the completion of the transaction, Julia will continue as Managing Director with Louisa supporting the development of the business in a consultancy role. It will also work closely with another member of the Antal International group, Parkside Recruitment, which operates in similar sectors, to further strengthen Smart Moves position in the market.
The Smart Moves acquisition is one of the serial transaction deals which have been made by Antal globally. In 2008 the business sold its branch in Moscow, Russia to a private equity firm and in 2011 Antal acquired UK based Parkside Recruitment.
In 2013 the international recruiter sold its Polish operations to the RPO and personal outsourcing company, Work Service and in 2013 Antal signed a joint venture deal with Career International, the largest 'home grown' recruitment business in China.
Antal’s Group CEO and Chairman Tony Goodwin commented on the recent acquisition saying, “Welcoming Smart Moves into the Antal International Group is an essential part of our growth strategy across the UK. Through a planned programme of buy-to-grow acquisitions we aim to increase our multi-discipline offering by taking advantage of the talent and drive of recruitment businesses outside of London.”
“Having a presence in Milton Keynes is as essential as it is to be in Madrid, Moscow or Mumbai. The town is one of the fastest growing areas in the UK and Smart Moves position in the expanding and increasingly important temporary and contract employment market will be of real benefit to Antal.”
Antal's Group Finance Director Sagar Ruparelia who with his team led the deal and was advised by Ryecroft Glenton Corporate Finance said, "Smart Moves is a great business, a strong brand in its market place with excellent client and candidate feedback. As acquisitions and joint ventures always supplement our organic growth, both in the UK and globally, Antal is always looking for the right opportunity. It will be interesting to see how this synergy will obtain extra value and impact on the overall net worth of Antal Group of Companies”.
Smart Moves’ Julia Hale said: “We are both delighted and excited with our decision to join the Antal International group of companies. Having worked hard to build a strong, sustainable and reputable business, this strategic alliance can only enhance our portfolio and service offering.
"With a strong global footprint and a commitment to service levels that show a true synergy to our own core values, we firmly believe that this partnership will shape the future growth of Smart Moves. We have an exceptional team who now have an exceptional future.”