Adams & Remers acted for the shareholders of Ireland and Singapore based recruitment specialist Berkley Recruitment Group Limited in connection with the sale of the entire share capital to ReThink PLC for EUR6M.

Acting for the seller was Simon Jones, Corporate Partner, from Adams & Remers.

Deal value: The initial consideration is €2.65 million (equivalent to approximately £2.34 million) with additional deferred consideration of up to €4.125 million dependent on the aggregate EBITDA achieved by Berkley and its subsidiaries in the year ending 31 December 2011.

The buyer, The ReThink Group plc, is an entrepreneurial AIM listed company that specialises in business and technology recruitment consultancy and related professional services. The ReThink Group was represented by Clarke Willmott in Bristol.

Further details about the transaction can be found at this link.