Greythorn acquires Marks Sattin

Marks Sattin, a UK-based finance and accounting specialist recruitment consultancy has been acquired by Greythorn, in an announcement made today.

Established in London in 1988, Marks Sattin is one of the most respected accounting and finance recruitment consultancies in the UK, with a client list which includes many of the FTSE 100 companies and a service coverage stretching across Europe. Voted one of the 100 best places to work in 2006 by the Sunday Times, Marks Sattin employs in excess of 140 staff.

The Marks Sattin acquisition is the second in recent months for the Greythorn Group, who in December 2006 acquired WH Recruitment, a leading banking and financial recruitment consultancy with operations in the Asia Pacific region. The acquisition is part of Greythornís strategy to build a major presence in the global accounting and finance recruitment space, covering all key geographic markets.

ìWeíre very excited to have such a well respected and successful business as Marks Sattin on board,î said Graham Palfery-Smith, Greythorn Global CEO. ìThe acquisition marks an important phase in Greythornís strategy as we are able to fill our current service gap in the accounting space and European marketî he said. Marks Sattin and WH will work in unison, complementing each other in geographic markets and product offerings.

David Sattin, departing Vice Chairman of Marks Sattin, believes the union is a good fit. ìGreythorn will be taking over what I consider to be one of the top management and consulting teams in the industry,î he said.

Marks Sattin and the Australian market
Commenting on the acquisition, Chris Digby, CEO Greythorn Asia-Pacific, said ìthe addition of Marks Sattin will enhance our product offering and service delivery capacities in Australia and the wider Asia-Pacific regionî.

ìBesides immediately assisting WH to fill current gaps in the accounting space, the dual combination of WH and Marks Sattin will bring enormous brand presence and capabilities to the Australian market,î he added.

Niall Hamill, Managing Director, WH Recruitment, welcomes the new acquisition and the benefits it brings to the Group. ìMarks Sattin is a leader in accounting and finance in the UK market and will complement WHís established strengths in the banking sector in the Asia-Pacific region. What will transpire is the ability for the Greythorn Group to offer comprehensive specialist services to clients, especially multinational firms operating in multiple locations,î he said.

The acquisition brings the number of employees in the Greythorn Group to more than 340 globally, but there will be no let-up in internal hiring. ìAs a result of the acquisition and aggressive growth plans internal headcounts will be immediately increased,î added Mr Hamill.