ERCP backs Pénélope MBO

Founded in 1973, Pénélope is an agency recruiting hosts and hostesses for companies and professional events. With a workforce of more than 3,300 employees, the company is looking at a €100m turnover for 2010 following the acquisition of competitor Téa last year.

ERCP and management will implement a four-fold strategy to drive the company's growth: building additional synergies with Téa, developing the services offered to clients, diversifying into operational marketing, and looking at further acquisition opportunities.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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