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ASGN ASGN Inc

64.46
-3.54 (-5.21%)
21 Mar 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ASGN Inc NYSE:ASGN NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -3.54 -5.21% 64.46 67.375 64.26 67.19 496,714 00:00:00

Morgan Stanley Sells Creative Circle Stake

11/05/2015 2:00pm

Dow Jones News


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A Morgan Stanley private-equity fund said Monday it has agreed to sell its majority stake in staffing firm Creative Circle to On Assignment Inc. for $570 million.

Morgan Stanley Global Private Equity bought its stake in Creative Circle in September 2012 in a deal that valued the company at $230 million.

Creative Circle specializes in professional staffing for advertising, creative and marketing industries. The company had $226 million in revenue in 2014.

On Assignment, a professional staffing company, said the deal will broaden its staffing services and is expected to be immediately accretive to its per-share earnings.

The deal includes up to $30 million in contingent payments if certain financial targets are met this year.

Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com

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