The Concerto Group, parent company to Touch of Taste have acquired a 50% stake in leading event staffing agency LOLA Events for an undisclosed sum.

Mike Kershaw, Concerto's Chairman stated: "The investment in LOLA is an important addition to The Concerto Group's portfolio of event businesses. With our continued focus on the development of our venue management and catering operations, this acquisition will allow us to expand our product offering, streamline our supply chain, lower costs and ensure better quality control. We are pleased to welcome the LOLA Events team to the Concerto family."

Established by Duncan Mitchell and Dean Friday in 2007, LOLA has grown rapidly over the last few years and now supplies staff across the UK. This growth has largely been facilitated by the development of LOLA LIVE - a fully integrated management tool developed by the team.

After winning the International Special Events Society 'Best Newcomer to the Industry', LOLA has gone from strength to strength and now counts art galleries, international fashion brands and a host of special event caterers amongst its happy clientele.

With the acquisition of the business and the additional investment planned in the future, The Concerto Group believes it will be able to bring a large part of its staffing requirements in-house over the next three years.

Co-founder Duncan Mitchell said, "We are delighted to be joining The Concerto Group and are very excited about the opportunities this will give us in terms of future expansion."