Ross Human Directions Limited (Ross) has been sold to Chandler Macleod Group for a total value of US$62 million.
Ross Human Directions Limited provides human resources recruitment, management and technology solutions from 18 locations, primarily in Australia but also in Hong Kong, Ireland, New Zealand, Singapore and the UK.
Ross was approached by several recruitment and human resources firms in mid-2010. Over a period of 6 months, three proposals were considered, analysed and negotiated – a full acquisition by scheme of arrangement for Ross by PeopleBank group, a private investor backed leveraged buy-out and a cash and shares acquisition by public takeover offer from ASX-listed Chandler Macleod Group.
Chandler Mcleod Group Limited is one of Australia's largest providers of human resources solutions from 50 branches across Australia, New Zealand and Europe. The group provides recruitment for temporary and permanent staffing, consulting and workforce management services.
Oaklins' team in Australia advised Julia Ross, major shareholder of Ross, in this transaction.
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