The GAAPS Group has bought out the minority shareholder of Interim GAAPS – our interim management subsidiary. This is part of our expansion plans, and we are intending to develop the operations of Interim GAAPS to provide interim managers to continental Europe, South Africa and the Asia Pacific region.
GAAPS believes this acquisition will enable us to make substantial improvements to the services we offer to candidates and employers in the interim industry. This acquisition will not change the remit of Interim GAAPS, as they will continue to place interims across the financial services sector.
Prior to this acquisition, The GAAPS Group held a 51% stake in Interim GAAPS.
Dr Geraldine Kaye, Managing Director of The GAAPS Group, comments: “We are very excited at the expansion of our interim executive activity. For some time we have been looking at how we can improve our interim manager service and this acquisition will give us the right platform on which to make those changes.”
As a result of this acquisition, Interim GAAPs will be looking to recruit new consultants.