NEWCASTLE, England & SAN FRANCISCO & SINGAPORE--(BUSINESS WIRE)--Nigel Frank International Limited (“Nigel Frank”), the global specialist recruitment company, has raised £22 million from ISIS Equity Partners (“ISIS”) and HSBC Bank plc. 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 across the globe. Their clients include Microsoft, Avanade, KPMG as well as the Lotus F1 Team to whom they are official business partners.
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 recognised brand leader in Microsoft Dynamics staffing.
In addition to the headquarters in Newcastle upon Tyne, the business has offices in London, New York, Singapore and Melbourne, with the latest office in San Francisco opening in 2013.
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 7 years.
Xavier Woodward, Shani Zindel 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 chair roles at Huntress Holdings Limited and NES Group Limited, will join the Board as Chairman.
Sean Wadsworth, CEO and Co-Founder, Nigel Frank International, comments: “Nigel and I are delighted to be working in partnership with ISIS to drive the business forward over the next 3-5 years. With their unique blend of skills and belief in our strategy of rewarding our future business leaders we believe they are ideally positioned to support us as we look to open new territories and markets both by organic growth and acquisition.
We are particularly pleased to be able to create a new category of shareholder in our management team to reward and incentivise them over the coming years”
Xavier Woodward, Investment Director, ISIS Equity Partners, comments: “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.”
About Nigel Frank International
Established in 2006 Nigel Frank International has rapidly grown into the global leader in Microsoft Dynamics recruitment. With offices in EMEA, New York, San Francisco, Singapore and Melbourne, Nigel Frank International offer their Microsoft partner and end user clients unparalleled access to the widest range of high calibre candidates. With 200 consultants in 6 global offices and a database of over 50,000 qualified candidates, Nigel Frank are uniquely positioned to help both Microsoft Partners and End Users identify the best talent for their business whether on a permanent or freelance basis.
Advisors UNW (Paul Kaiser)
Legal Ward Hadaway (Martin Hulls)
Financial Grant Thornton (Will Oxley)
Commercial CIL (Tom Fletcher)
Tax UNW (Stephen Lant)