Antal International has reacquired its original subsidiary Antal Russia after having divested this business nine years ago to the FiveTen Group. When the original deal was done in 2008 it was the largest private recruitment company to be sold in Russia. Reacquiring now, says the company, is a solid move; obtaining an astounding head count of 130 + staff members across four offices located in the capital, Moscow, as well as Saint-Petersburg, Kazan and Almaty located in Kazakhstan.
“We are delighted to reacquire Antal Russia allowing us to expand our reach across Europe,” says Sagar Ruparelia, group financial director of Antal International. “It fits into our global strategy.”
The management team, led by Antal Russia stalwart Michael Germershausen, have continued to develop the business despite the difficulties of the Russian economy over the past few years.“We are looking forward to welcoming Antal Russia back into the fold, they are definitely a terrific business, they are a recruitment firm that operates in several specialist sectors in Russia, it’s worth noting that Antal Russia has always been an ‘Antal Brand’ and only delivered the best,” says Sagar Ruparelia.
With this returning of Antal Russia to the Antal family, Antal International now has 884 staff members with a comprehensive 140+ offices located worldwide. “My vision is to discover talent, not just in the UK but across the globe,” says CEO Tony Goodwin. “Whether it is Moscow, Milan, Madrid, Dubai, Shanghai or Milton Keynes we will work collaboratively for the benefit of all our clients, candidates and colleagues. Bringing Antal Russia back to the group is most definitely one of our greatest accomplishments. It really is with the greatest of pleasure and personal delight that we announce in our 25th year of business not just what is a bold business acquisition but a personal completion of history for Antal and me as the founder. I would like to welcome back Antal Russia into the Antal family.
“We have every confidence that the economic turnaround has begun in Russia after 3-4 lean and difficult years (which has actually strengthened Russia's manufacturing and agriculture capabilities) and that the political landscape will also return to a more collaborative posture in the next 1-2 years,” says Goodwin.
The FiveTen Group was advised on this transaction by Blackwood Capital Group. Ronny Grosman, managing partner of Blackwood Capital Group commented; “I believe this is a win-win situation for both the sellers and the purchasers. The FiveTen Group can now divert its full focus towards their home market in the UK whilst having found the optimal solution for its Russian business both for its customers and also for its loyal workforce. Antal International get their Russian business back which still carries their brand name and are present again in one of the world’s most important markets.”