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News Apr 29, 2016

Shearman & Sterling Advises HSBC on Financing for Acquisition of Frank Recruitment Group

Shearman & Sterling advised HSBC as mandated lead arranger, agent and security agent in connection with the financing of TPG Growth's acquisition of Frank Recruitment Group, a global recruitment firm, from Livingbridge.  

Frank Recruitment Group is a leading niche recruitment firm for IT professionals who specialise in enterprise software.  

The Shearman & Sterling team was led from the firm's London Finance practice by partner Peter Hayes and included counsel Luke Jaggar, associates Sedina Aidam and Michèle Smith and trainee solicitors Omar Alkaffas and Charlie Marmion (all London-Finance).  Partner James Duncan and associate Sara Couling (both London-Finance) advised on the hedging aspects of the transaction, and partner Simon Letherman and associate Lois Howarth (both London-Tax) advised on tax matters.

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