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Place de cotation: AMSTERDAM
STOCK EXCHANGE
Vedior NV, headquartered
in Amsterdam, The Netherlands, is an international staffing services company
providing flexible labour. Vedior operates in 44 countries worldwide: almost
the whole of Europe, North and South America, Australia and New Zealand,
South Africa, Middle East and Asia
http://www.vedior.com/
Vedior
completes Private Debt Placement
(21/07/06
08:08 CET)
Vedior
is pleased to announce that it has successfully completed the private debt
placement of US$215 million (€170 million) with US institutional investors.
The debt is comprised of senior notes split into two equal amounts with
7 and 10 year maturity dates.
The
Company has swapped US$65 million of the sum raised into Euro and US$75
million into pounds sterling. The Euro denominated debt is at floating
interest rates while the US dollar and pound sterling denominated debt
is at fixed interest rates.
Zach
Miles, CEO of Vedior, said, “I am pleased that, through this private placement,
we have been able to extend the maturity and diversity of Vedior’s sources
of debt finance and that demand for the placement was oversubscribed. We
believe that, with these additional facilities, the Group’s financing sources
are adequate for the foreseeable future.”
Vedior
acquires UK interim management specialist
Vedior
is pleased to announce that Albemarle Interim Management (“Albemarle”),
its specialist interim management subsidiary, has acquired a 100% interest
in Walker-Cox Ltd and its wholly-owned subsidiary, Food Manufacturing Consultancy
Ltd, (“Walker-Cox” or “the Company”), one of the UK’s fastest growing interim
management companies.
Walker-Cox
is a well-known and highly respected interim management specialist providing
experienced senior directors and executives to both the public and private
sectors. Within the public sector, Walker-Cox is the Managing Partner of
a consortium of 33 consultancy companies providing a wide range of services
to the public sector under the ‘S-Cat’ procurement scheme. The Company’s
private sector business encompasses a number of disciplines and sectors
but has a particular focus on the science and food manufacturing markets.
The Company also provides clients with a range of consultancy services
and bespoke training specialists.
Being
based in Solihull in the West Midlands, Walker-Cox provides a geographical
complement to Albemarle which is headquartered in London.
Zach
Miles, Vedior’s Chief Executive said, “The UK interim management sector
has developed strongly over recent years. The addition of Walker-Cox to
our portfolio of UK recruitment brands has strengthened our market position
in interim management which, in future, should enable us to benefit more
effectively from positive trends in this market.”
Founded
in 1998, Walker Cox achieved unaudited annual sales for the year ended
31 December 2005 of £3.1 million (€4.5 million).
Walker-Cox’s
existing management team will continue to develop the Company. |
