Panmure Gordon acted as Financial Adviser to Mullin International, the New York City based provider of career transition services, on its sale to The Adecco Group, the world's leading provider of workforce solutions.
Mullin, located in New York City, is one of the largest independent providers of career transition services with a 35 year track record of delivering outplacement, redeployment and executive search for companies engaged in critical management changes. Mullin has built an outstanding reputation for supporting candidates during periods of change and accelerating job landings.
Mullin will be integrated into The Adecco Group's subsidiary Lee Hecht Harrison, the leading global provider of career transition and talent development solutions and will strengthen Lee Hecht Harrison's position as the global market leader whilst enhancing its market presence in New York City.
Terms of the transaction were not disclosed.
The former shareholders will continue to be closely associated with the group and remain minority shareholders and support the management team in the role of an advisory board as well as consultants.
GJM (JMT:LS) is one of Portugal’s largest multinational groups (c. EUR 8.9 billion market cap) that operates in food distribution and specialized retail.
IMAP closed 193 M&A transactions valued at over $7.0 billion in 2020, down from the 7 year high of 235 deals closed in 2019.
