IFLR1000

On Assignment $600 million acquisition of Creative Circle

5/6/2015
Public acquisition
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$ 600 million

Completed

5/6/2015

Overview:

  • On Assignment has completed its $600 million acquisition of fellow staffing solutions provider Creative Circle.
  • The purchase was partially funded by a $975 million credit facility.
  • Creative Circle was sold by Morgan Stanley Private Equity.
  • Latham & Watkins (Glen Collyer) and Sullivan & Cromwell (Patrick Brown) advised On Assignment.
  • Debevoise & Plimpton (Kevin Rinker, Jeffrey Ross) advised Creative Circle and MSPE.

Kurt Stumpo - Journalist - North America and the Caribbean

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Consumer goods and services

Firms:
Debevoise & Plimpton

Party: Morgan Stanley (Seller)

Party: Creative Circle (Target)

Lawyer: Kevin Rinker

Latham & Watkins

Party: On Assignment (Acquirer)

Sullivan & Cromwell

Party: On Assignment (Acquirer)

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