Nabarro has advised the management team and certain selling shareholders on the management buy-out of boutique specialist recruitment business, Human Capital Investment Group, backed by Graphite Capital, a leading mid-market private equity firm.
Human Capital Investment Group (HCIG) is made up of boutique specialist recruitment businesses covering four core sectors (Health and Social Care, Public Sector and Not-for-Profit, Engineering and the Built Environment). Established in 2007, HCIG invests in recruitment businesses in the UK and internationally, and aims to buy and build the best in class companies. It has a diverse portfolio of fast growth, high performing niche recruitment agencies which includes leading brands such as Eden Brown, Resourcing Group, Caritas Recruitment, The Synergy Group, Proactive Technical Recruitment, ewi, Financial Resourcing Group, AlphaTec Consulting, Butler Rose, Retinue, Apollo Nursing, and Attenti.
The MBO was led by Tim Cook, Group CEO, supported by Adam Herron, Group COO and Michael Sterling, Group FD, all of whom will remain in place together with the existing management of HCIG's trading companies.
Commenting on the MBO, Cook noted: "Graphite Capital is a natural partner to HCIG...