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Talent2, the Australian HR BPO and recruitment firm, last week announced the completion of its privatisation scheme after nine years trading as a public company.
This comes after US-based staffing firm Allegis Group signed an agreement with Morgan & Banks Investments (MBI) in May to privatise Talent2 by jointly purchasing all shares in the firm.
“We see the joint venture with Allegis as the most effective platform to achieve our long-term goals of scale and market leadership, allowing us more flexibility to deliver our strategic plans,” said Andrew Banks, Talent2 Chairman.
“The move combines our highly significant Asia Pacific platform with the dominant Allegis presence in North America and EMEA [Europe, Middle East and Africa] creating enhanced global reach for customers in both recruitment and Human Resources Outsourcing.”
The privatisation means that Talent2 is now jointly owned by Morgan & Banks Investments and Allegis Group.
The transition will still see Talent2 led by Andrew Banks as Chairman and John Rawlinson as CEO, with the business continuing to offer its existing recruitment, payroll, learning and HR advisory solutions.