Wolverhampton-based healthcare recruitment firm Acton Banks announced that it has been acquired in a management buyout backed by Maven Capital Partners, a private equity firm.

Acton Banks was established in 2006. The group places staff into nursing homes, NHS hospitals, care homes, residential homes, and rehabilitation centres in both the private and public sector.

The transaction, which includes an investment of £9.6 million from Maven and a significant investment from the senior management team, will enable Acton Banks to continue to roll-out its highly efficient operating model, further enhance its breadth and depth of service offering to existing clients, as well as expand into new territories outside the Midlands and the North West.

Dharsa Mander, chief executive of Acton Banks, commented, "We are really pleased to have an experienced private equity team with sector experience supporting the business; one which supports our vision of creating a much larger leading healthcare services business with an expanded geographical footprint.

"We are well-positioned to invest in our staff and candidates with a view to expanding our offering to the market. We have been impressed with the team at Maven and look forward to working with them over the coming years,” Mander said.

Andrew Ferguson, Partner at Maven, also commented, “Maven will provide the business with committed capital to pursue its growth strategy, with senior management knowing they have a supportive investor backing their strategic growth plans. We look forward to working with the company as it continues its regional expansion and seeks to deliver on its ambition to create a nationwide multi-service healthcare business."