InJob Acquires the Citifocus

London-based recruitment specialist Citifocus has become the Financial Services arm of In Job Group, a global recruitment firm with offices in Europe, US and Asia.Citifocus’ areas of expertise range across a wide spectrum of the financial service sectors to include banking and fund management, complementing In Job’s existing global businesses.

In Job Group was founded in 2001 in Verona, Italy. Throughout 2017, it has continued to develop both in Italy and overseas, providing skilled professionals across various business sectors and particularly focusing on mid-market enterprises with an ambition to expand internationally. In Job operates in 3 continents, through 23 offices, with 3,000 employees and a turnover in excess of £50 million.

 

Interview with the team at Belluzzo Partners, who advised on the deal.

Belluzzo Partners is a boutique International tax, law and accountancy firm with offices based in London, Singapore, Milan, Verona and Lugano.

The firm is composed of 49 professionals with varying background from qualified solicitors to chartered accountants and Italian qualified accountants and tax advisers.

The firm commented: “When working on international M&A transactions, the main challenges are the differences in cultural background of the parties involved. Our main strength, being an international firm with a heavy focus on Italy, is that we understand the cultural differences and needs of the businessmen concerned. This enables us to navigate successfully foreign clients through the English legal and tax system and ensure a successful outcome of their investment.

“Injob/Cityfocus was a typical medium sized owner managed business transaction where the vendor and buyer had differing objectives and mediation was required to achieve a successful outcome. We were able to offer such assistance ranging from VAT advice, payroll taxes, employment law and contract law. We were instrumental in helping the clients understand the real critical points and negotiate a successful outcome to their benefit with the adequate legal protection assured.

“We have been very busy over the last year despite Brexit and have assisted Japanese investors in the acquisitions of assets and businesses in the UK and have also been instrumental in the tax restructuring of a large quoted group.

“We have a positive outlook for the future and believe foreign investment will continue to flow into the UK even after our departure from the EU.”

 

Luca Cordelli (Head of Legal Department)

Luca has been practicing law since 1993. Luca is specialized in corporate/business law with a special focus on international M&A.

 

Tony Castagnetti

Tony is a qualified chartered accountant and registered auditor with over 25 years’ experience.nAs a registered auditor, he is authorised to sign off audit reports for companies in the UK, but also has vast experience in corporate tax both compliance and planning, VAT and general business advice and due diligence.

He is Head of Business & Finance at Belluzzo Partners and is a director of B Audit Limited.

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