CXC Global, an independent contractor management firm, announced the divestiture of its recruitment agency service business in the EMEA to its existing management team led by CEO Michelle Reilly. The divestiture takes effect 1 January 2017.

The recruitment agency service business will be rebranded as 6CATS with the name derived from its six-person management team and the acronym of the company’s service lines of compliance, advice and tax solutions. The management buyout will let CXC Global focus on serving its corporate clients while 6CATS serves agencies in the EMEA region.

Commenting on the MBO, 6CATS CEO Michelle Reilly, said, “My team and I are passionate about servicing the recruitment agency sector and between us we have almost 100 years’ experience providing compliant contractor management solutions. I am extremely grateful to Dave Thomas and CXC Global for the opportunity and experience they have provided, and we will continue to support each other’s success.”

“The opportunity to divest our agency business to such a great team led by Michelle is a win/win solution for CXC Global and 6CATS, providing them with an opportunity to focus on their core expertise and CXC Global to grow the corporate market without compromise or conflict of interest,” said CXC Global CEO Dave Thomas.