Yorkshire advisers involved in major buyout deal

A HOST of Yorkshire advisers have worked on a major buyout deal in the North East.

Nigel Frank International, the global specialist recruitment company, has raised £22m from ISIS Equity Partners and HSBC Bank. ISIS has taken a 35% stake in the company.

Nigel Frank specialises in recruiting permanent and temporary contract candidates into vacancies relating primarily to Microsoft Dynamics software.

Leeds advisors included Tom Green and Ross Lumsden from HSBC, Yunus Seedat and Emma Greenwood from Addleshaw Goddard, Grant Thornton’s Will Oxley and Anna Robson from DLA Piper.

The business was established in Newcastle upon Tyne in 2006 by Sean Wadsworth (CEO) and Nigel O’Donoghue (CFO), and since that time has rapidly grown to become the global leader in Microsoft Dynamics recruitment.

This position is underpinned by the specialist knowledge and strong relationships with candidates, clients and Microsoft that its 170 consultants have built up over the last few years.

The investment will enable the business to continue its global expansion and to diversify into new markets through potential acquisitions and new offices in the US and EMEA, as well as enable the management team to realise some of the value of the business they have built up over the last seven years.

Xavier Woodward, Shani Zindel, Denise Emmanuel and David Cotter led the deal on behalf of ISIS, with Xavier and Adam Holloway joining the board.

Stephen Ross, whose experience in the recruitment sector includes chairman roles at Huntress Holdings and NES Group, will join the board as chairman.

Xavier Woodward, investment director, ISIS Equity Partners, said: “Nigel Frank is a super business with a really clear proposition in a growing market. We have been impressed by the way Sean, Nigel and the team have combined their entrepreneurial flair with a thoughtful approach to building a robust business with a genuinely international footprint. We are looking forward to working with the team to consolidate and build on this strong market position.”

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