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 new bonds have a maturity date scheduled for 2027 and a floating interest rate corresponding to 6-month Euribor (floor zero), plus a margin of 3.875% per year.
SGA Conveyor Systems was founded in 1990 and its individually tailored picking and transport solutions have established it as a partner for logistics centers for parcels and goods. SGA is particularly strong in the growth market of e-commerce, where companies are increasingly handling their own distribution logistics.
CirComp GmbH, a specialist in products based on high-performance fiber composites, was sold to Albany International Corporation, a NYSE listed developer and manufacturer of engineered components.
