by Brad McAvoy
23 June 2023Press Releases
by Brad McAvoy
Our Corporate Finance team recently provided financial due diligence to Compass Recruitment Solutions, award-winning recruitment provider for the independent Health, Care, Education and Life Sciences sectors, on its acquisition of Manchester based Carrot Recruitment, a specialist in Pharmaceutical and Life Sciences Recruitment.
Compass Recruitment Solutions (“CRS”) was founded in Portsmouth in 2010 by founders Mike Jeffreys, Chris Russell and Sam Leighton-Smith. CRS operates under the Compass Executives, Compass Life Sciences (CLS), Compass Associates, and Compass Corporate Services (CCS) brands to provide a full service offering to companies and investors, with offices in Mayfair, London and Manchester, and over 140 employees.
This transaction is CRS’s first acquisition. Sam Leighton-Smith, Group Managing Director at CRS commented: “We are delighted to welcome the Carrot team into the Compass fold and look forward to realising the benefits and value that our businesses combined can offer. We see many complimentary attributes for our client partners as well as exciting opportunities for staff as we look to continue our ambitious international growth agenda.”
Established in 2006 by pharmaceutical industry professionals Martin and Debbie Anderson, Carrot Recruitment provides both permanent and contract recruitment solutions to the Pharmaceutical, Biotech, and Medical Device industries – complementing the expertise offered by Compass Life Sciences.
Debbie Anderson, Founding Director at Carrot Recruitment commented: “Becoming part of the Compass Group represents an exciting step in our growth journey and importantly provides us with a platform to enhance and extend our service offerings further into European and US markets. In Compass we have found a perfect long-term home for the Carrot Recruitment brand, and we very much look forward to our partnership moving forwards”.
The team at James Cowper Kreston was led by Brad McAvoy, who commented, “We are pleased to announce our role as corporate finance adviser to Compass Recruitment Solutions and are delighted to have assisted them in their acquisition of Carrot Recruitment. We wish them luck with their new partnership as they work together, recruiting within the Life Sciences sector, and we’re confident that they will continue their impressive growth into new markets, and maximise their potential.”