Monday, June 8, 2015

On Assignment Acquires Creative Circle For Up To $600M

Calabasas-based On Assignment, whih provides temporary professional staffing services, said Friday that it has acquired Creative Circle, in a deal worth up to $600M. On Assignment said it would pay $570M upfront for Creative Circle, and up to $30M in earnout based on operating performance during 2015. $540M of the initial acquisition price was cash, with the remainder in equity. Creative Circle provides staffing services specifically for the digital, marketing, advertising, and other creative industries.