ACQUISITION: RSS Global
Twenty20 Capital, the leading dedicated investor in the staffing and workforce solutions sector, has invested in acquiring six of the UK’s best-known staffing and workforce solutions brands, bringing them together under the new brand RSS Global.
The company’s brands include high-street names Blue Arrow, Career Teachers, Chadwick Nott, Global Medics, Medacs Healthcare, Litmus and Tate. They supply temporary and permanent staffing across the logistics, hospitality, manufacturing, retail, health and care, legal and education sectors.
Rebecca Watson, who led the brands under their previous owner Impellam PLC, joins the Twenty20 family as Chief Executive of RSS Global.
Tristan Ramus founder and Investment Principal commented: “This is a significant milestone for Twenty20 Capital, and for RSS Global, as we join forces to continue their growth into the future and to build on the heritage of some of the most well-known and well-respected brands in the staffing and workforce solutions sector.”
Tristan and the Twenty20 Capital team recognised the huge potential in RSS Global as a natural fit for their investment approach of supporting management teams of human capital businesses to re-ignite future growth and success.
Rebecca Watson, Chief Executive of RSS Global, said: “I am delighted to lead these remarkable brands under the newly formed RSS Global and to join the Twenty20 Capital family. The Twenty20 team are a great fit, hugely ambitious and will be a tremendous support to us as we begin the next stage of our journey.
“This will see us continue to grow our size and scale and innovate our services, as well as reinforcing our valuable ongoing relationships with our clients. I would like to thank all my teams within the brands for their dedication and enthusiasm and we look forward to an exciting future together at Twenty20 Capital .”
The investment and acquisition of RSS Global adds more than £600m of revenue to Twenty20’s growing portfolio of businesses, bringing total revenues managed to more than £1.5bn.
The intended transaction was announced by Impellam PLC in February and completed on 3 March. The transaction was advised by Dahren Naidoo at Freeth’s and Close Brothers was used as funding partners alongside T20 Capital.
About RSS Global
RSS Global is a portfolio of brands specialising in staffing and workforce solutions in the UK, Ireland and Asia Pacific.
Brands include Blue Arrow, Career Teachers, Chadwick Nott, Global Medics, Litmus, Medacs Healthcare and Tate. Individually and together they support the needs and ambitions of our clients across the catering, education, financial, healthcare, industrial, legal, logistics, manufacturing, professional services, public sector and retail sectors.
The changing world of work brings exciting opportunities and RSS Global looks to a future of partnering with clients to create innovative new products and services.