27th Apr 2009 07:00
InterQuest Group plc
("InterQuest" or the "Company")
InterQuest Group plc announce joint venture with Lanborne Consulting
InterQuest is delighted to announce its joint venture with Lanborne Consulting ("Lanborne"). This is InterQuest's first venture under its IQ Equity Programme.
Lanborne is an IT sales recruitment business based in Slough and currently employs six recruitment professionals. The Lanborne team also has experience of placing IT specialists into the NHS and Public Sector.
Under the terms of the joint venture, InterQuest will own 70% of the equity in Lanborne reducing to 60% on the achievement, by Lanborne, of certain performance targets.
IQ Equity is the private equity division of InterQuest Group plc which aims to fund individuals or teams looking to start their own IT recruitment business.
Commenting on the JV Gary Ashworth, Chairman of InterQuest said: "We are delighted that Ian and his team are joining us in Lanborne Consulting which represents our first deal through IQ Equity. We look forward to building a strong business for the future."
Commenting on the JV, Ian Pratt of Lanborne said: "We are pleased to have joined the InterQuest Group and look forward to benefiting from their infrastructure and the expertise of their management team. The training and development of our staff is very important to us and this deal will give us invaluable access to InterQuest's training academy."
Enquiries:-
InterQuest Group plc
020 7025 0100
Gary Ashworth, Chairman & Chief Executive Officer
Michael Joyce, Finance Director
Cenkos Securities plc
020 7397 8900
Ivonne Cantu, Camilla Hume
Related Shares:
InterQuest Group