Alexander Mann Solutions, a London-based of RPO and MSP services, is being acquired by Omers Private Equity, the investment arm of the pension plan for municipal employees of Ontario, Canada. The deal gives Alexander Mann an enterprise value of £820 million (US$1.1 billion).

The deal is expected to close this quarter.

“I would like to thank the team at New Mountain Capital. Under their ownership Alexander Mann Solutions has cemented its position as a global leader in the talent acquisition marketplace and significantly enhanced its capabilities in North America,” said Rosaleen Blair, CEO of Alexander Mann Solutions.

“We are now in an era when the best businesses in the world recognize that people and culture are the new battlegrounds for organizations seeking competitive advantage,” Blair said. “With Omers’ support we can strengthen our global total workforce proposition and critically, accelerate our digital transformation and investment in robotics and AI, creating an even more compelling proposition for our customers around the world.”

Alexander Mann has more than 100 clients in more than 85 countries. Its seven global client delivery centers employ more than 4,000 people.

Omers is buying the company from New Mountain Capital, which acquired the company in 2013 for £260 million, which represented US$352.3 million at the time.

Alexander Mann was founded in 1996.