PwC Lithuania, Latvia and Estonia has acted as the exclusive buy-side advisor to the Gi Group Holding in their acquisition of Verita Solutions OÜ, which manages personnel leasing & staffing companies CVO Recruitment and Simplika. The transaction will allow Gi Group Holding to strategically increase its presence in the Baltic region.
The project showcased excellent collaboration between the Deals, Tax and Legal advisory teams in PwC Lithuania, PwC Latvia and PwC Estonia as PwC conducted financial, tax and legal due diligence, as well as other transaction support services.
PwC Latvia project team included Gerds Ivuškāns, Elīza Rušmane and Andrejs Jānis Kivlinieks from financial due diligence stream, Zlata Elksniņa-Zaščirinska, Irēna Arbidāne, Īva Šaicāne, Tatjana Klimoviča, Alise Dzintare and Harlads Knopkens from tax due diligence stream, and colleagues from PwC Legal - Jānis Gavars, Aija Panke, Māris Logins, Karīna Daugaviete and Elvita Gēce.
CVO Recruitment provides labour market consultation services with its main focus on recruitment and headhunting while Simplika provides personnel leasing and staffing services for companies who cannot or in some cases decide not to hire employees directly.
Gi Group Holding is Italy's leading international company dedicated to the labor market, operating in 29 countries and employing more than 6,700 people. Gi Group Holding offers services to more than 20,000 companies, it is the 5th largest staffing company in Europe and the 16th largest in the world.