The FiveTen Group has accepted an offer from ManpowerGroup Australia for its Australian and Singaporean recruitment business.
The FiveTen Group comprises five specialist recruitment brands – Antal Russia, EMR (Marketing, Digital & Communications), Laurence Simons (Legal & Compliance), Marks Sattin (Accountancy & Finance) and Greythorn (Technology).
The sale primarily includes its Greythorn operations across Australia – in Canberra, Melbourne and Sydney – as well as the Singapore business.
Mark Carriban, CEO, FiveTen Group, says: “The sale largely comprises our Greythorn technology recruitment business across Australia and Singapore, which addresses differing technology markets, and clients, than our remaining Greythorn assets in EMEA and the Americas. Given minimal interdependencies with the rest of the Greythorn portfolio, the commercial logic for accepting an attractive offer was strong. Our technology recruitment operations across London, Dublin, Seattle, Chicago and Sao Paulo, will continue to deliver recruitment solutions under the Greythorn brand, as they have done for almost 40 years.
The sale will enable us to re-invest and further grow our market-leading brands, building scale and depth of specialisation across our chosen international markets.”
Ram Chandrashekar, ManpowerGroup President Asia Pacific and Middle East, says: “This is an exciting phase for ManpowerGroup in Australia and New Zealand. The strategic acquisition of Greythorn further strengthens our capabilities across the region and complements the organic growth of our Experis brand the global leader in professional resourcing and project based workforce solutions. For clients, it means we can deliver an even broader range of specialist workforce solutions with combined assets and systems, and for candidates, even better opportunities across more clients.”
