Debevoise & Plimpton LLP has advised Morgan Stanley Global Private Equity (“MSPE”) in the completed sale of its majority interest in EmployBridge, a leading provider of specialty staffing services, to The Select Family of Staffing Companies, a national provider of workforce management services, for approximately $410 million. MSPE and Constitution Capital acquired EmployBridge for $165 million in May 2011, in a transaction in which Debevoise also advised MSPE.
When MSPE originally invested in EmployBridge, it cited strong secular trends in post-recession contingent labor usage by U.S. companies. In September 2012, MSPE also invested in Creative Circle, a Los Angeles-based provider of freelance creative talent into advertising and marketing fields, including interactive marketing, digital advertising and traditional media (again represented by Debevoise).
The Debevoise team on the sale of EmployBridge was led by partner Kevin A. Rinker and included partners Jeffrey P. Cunard and Jeffrey E. Ross, counsel Kyra K. Bromley and Rafael Kariyev, and associates Jessica Batzell, Katharine L. Hermann, Meir D. Katz, Daniel T. Rothberg, Patricia Teixeira and John Rothert.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.
Source: www.debevoise.com
