Gi Group UK, a provider of recruitment, staffing and workforce management services, and subsidiary of Italian staffing firm Gi Group, announced that it has purchased specialist financial and accountancy recruitment firm Marks Sattin.

No financial details of the transaction were disclosed.

Marks Sattin, founded in 1988, has an office network that covers the UK and Ireland including London, Birmingham, Leeds, Manchester, Reading and Dublin.

According to Gi Group UK, the acquisition will allow the group to extend its offering into the financial services sector and enhance its presence in key strategic cities across the UK & Ireland.

Gi Group UK Chief Executive, Bev White, commented, “With no overlap on existing business, bringing Marks Sattin into the fold is a hugely positive move which represents a natural extension of the Gi Group offering. It gives us instant traction in a key target sector and extends our national footprint into key cities we have not been present in. Marks Sattin’s presence in central London and Dublin also provides immediate access to areas of increasing commercial importance for us while the addition of high level search and selection expertise is perfectly aligned with our national and global growth strategies.”

Matt Wilcox, Marks Sattin Managing Director, also commented, “This is an important milestone in Marks Sattin’s journey. The backing and support of Gi Group will enable us to accelerate our growth ambitions, deliver even more value to our customers as well as providing our employees with fantastic opportunities that go hand in hand with being part of a truly global organisation.”

Gi Group’s founder and CEO, Stefano Colli-Lanzi also commented, "In the context of our global development strategy, this step increases our competitiveness in professional recruitment and expands our international footprint.”

Blackwood Capital acted as advisors to the seller. KPMG acted as tax and finance advisor while Baker Mackenzie acted as legal advisor to Gi Group.