Alexander Mann Solutions (“AMS”) is a leading provider of talent acquisition and management services including recruitment process outsourcing (“RPO”), working closely with blue-chip corporate clients to manage their entire process for the recruitment of new staff.
AMS was acquired by Graphite Capital Partners VII, a fund managed by Graphite Capital, in December 2007, in a transaction valuing the business at £100 million. ICG Enterprise (“the Company”) invested £6.3 million in the transaction through the fund.
Graphite was attracted by AMS’s strong management team, its record of winning new clients, its leading position in the RPO market and the scope for overseas expansion.
Shortly after the buy-out, Graphite backed AMS in acquiring Capital Consulting, the UK's second largest RPO provider. Graphite took action to focus the business on working capital management and on improving the efficiency of its business model to increase its margin.
Under Graphite’s ownership, AMS increased staff numbers, expanded its range of services and more than doubled the number of blue chip clients.
In December 2013, Graphite sold AMS to New Mountain Capital, a US private equity house, in a transaction valuing the business at £260 million achieving a return of 3.6 times the cost of the investment.
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