Addleshaw Goddard has advised Neutral vendor recruitment outsourcing specialist, de Poel on its multi-million pound MBO.

The transaction which was lead by de Poel's group MD, Andrew Preston saw the team acquire a majority stake in the business from the previous owner. The deal will allow for the further expansion and continued development of products, technology and sector-specialisms.

The AG team, who advised the company and vendor, was led by partner Tim Wheldon alongside Matthew Davies and Richard Chandler.

Tosca Debt Capital provided a facility to support the MBO, whilst Santander Structured Finance delivered a facility to assist the transaction and provide on-going working capital.