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On Assignment takes Morgan Stanley's Creative Circle for up to $600M :

May 13, 2015 - The Deal Pipeline
Mergers and Acquisitions

On Assignment Inc. (ASGN), the Calabasas, Calif. professional staffing firm, announced Monday, May 11, that it would shell out as much as $600 million to acquire Creative Circle LLC from Morgan Stanley Private Equity. Terms of the deal call for On Assignment to pay $570 million up front in cash and stock and up to $30 million in addition milestone payments. According to analysts, the deal works out to between 8 times to 8.5 times Creative Circle's projected 2015 Ebitda of about $57 millio...