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Due Diligence Services to HSBC

02 November 2016

DTE are delighted to announce that our Corporate Finance Team has provided Due Diligence Services to HSBC for their backing of the Management Buy-out (“MBO”) of Euroforce People Solutions Limited, since rebranded as Workforce People Solutions Limited.

HSBC Bank Plc is one of the largest banking and financial services organisations in the world with an international network of around 7,500 offices in over 80 countries.

Euroforce People Solutions Limited, a Bolton-based £11m-turnover specialist recruitment firm, provides labour to an array of high-profile brands including numerous vehicle and furniture manufacturers. Some notable clients the company has worked with include; Bentley, McLaren, Aston Martin, Steinhoff and Plumbs.

Patrick McBride, who established Euroforce in 2006, exits the business alongside other longstanding directors Liam McBride and Brian Assen.

Patrick McBride congratulated Simon, the managing director and said: “We wish Simon the very best of luck and hope that the success we’ve enjoyed together continues as he implements his plans to grow the business further. I have every confidence that he’ll continue to do well.”

Matt Beckley, Stephen Moorcroft and Alex Wilson of DTE Corporate Finance Team carried out Due Diligence for HSBC.

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