Recruitment firm sold in €6.8m deal

CORK-based, Berkley Recruitment has been sold in a €6.8 million deal.

British-based, The ReThink Group has acquired of Berkley Recruitment in a deal with an initial consideration of €2.65 million. However, a further €4.125m could be paid depending on Berkley’s financial performance by year end 2011.

The senior management of Berkley will have an initial aggregate 7.85% interest in ReThink, following the payment of the initial consideration. The consideration is made up of cash and shares.