Empresaria Group PLC
07 December 2005
Empresaria Group plc
Investment in staffing company in China
Empresaria Group plc ('Empresaria' or 'the Group') is pleased to announce that
it has today invested in Aston HR Consulting Ltd ('Aston HR') a UK start up
company which will itself enter into a joint venture with an established
Shanghai based HR consulting and staffing company.
Empresaria has agreed to invest Â£250,000 by way of equity and loan into Aston HR
Consulting Ltd ('Aston HR'), a new UK company in order to acquire a 49% interest
in Tian Yun Human Resources Co. Ltd an established Shanghai based staffing
company which will operate under the Aston HR brand. Empresaria is co-investing
with the new management team of the Chinese company to contribute a total
collective investment of Â£300,000.
The Aston HR management team is led by Juliet Newett, who was born and raised in
Shanghai before gaining over eight years financial services recruitment
experience in London. The company will focus initially on supporting the
international business community operating in China with particular initial
focus on financial services and IT sectors.
Miles Hunt, Chief Executive of Empresaria commented: 'The investment in Aston
HR represents a further step along the path towards creating a balanced,
international specialist staffing group. Investing in the rapidly expanding
China market with its emerging staffing sector provides opportunities for
accelerated growth and also further develops our strategy of diversifying
operations, and therefore risk, across different international markets.'
For further enquiries please contact:
Empresaria Group Plc 01293 649 900
Tony Martin (Chairman)
Miles Hunt (Chief Executive)
Nick Hall-Palmer (Finance Director)
Bridgewell Securities Limited 020 7003 3000
Notes for editors:
Empresaria Group plc is a diversified recruitment group built on a philosophy of
management equity through organic growth, investment in start-up businesses and
providing funding for management buy outs within the staffing sector.
Empresaria was formed in 1996 by Miles Hunt and consists of 21 staffing
companies. Its business model, allows founder managers and key staff within
Empresaria's subsidiaries to acquire or retain a meaningful stake in the
businesses they run or work in.
Empresaria currently provides specialist recruitment services across five
sectors in the UK; namely:
1. Construction, Property Services & Engineering;
2. Supply Chain;
3. Public Sector;
4. Financial Services; and
5. Specialist Brands.
In addition, Empresaria is actively expanding internationally and has
established operations in both the US and Japan.
This information is provided by RNS
The company news service from the London Stock Exchange