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UK – Alexander Mann Solutions and Swift up for sale?

17 June 2013

Private equity investor Graphite Capital is reportedly looking to sell recruitment firm Alexander Mann Solutions. Alexander Mann Solutions was founded in 1985 by former Dragons Den investor James Caan and current CEO Rosaleen Blair.

Caan sold his final economic interest in Alexander Mann Group to Graphite Private Equity in a £100 million management buy-out, led by Rosaleen Blair in 2007. At the time, Graphite invested £50 million for a substantial majority stake in the business.

According to a report in Financial News today, Graphite has hired RW Baird, a boutique US investment bank which specialises in the recruitment sector, to find a buyer. The report quoted one source as saying that the sale is expected to net Graphite Capital £200 million.

When contacted by Staffing Industry Analysts, Graphite Capital’s PR Agency, Caroline Cecil Associates advised, “Graphite doesn’t comment on market rumour and this occasion is no exception.”

Alexander Mann Solutions was also contacted by Staffing Industry Analysts but did not provide a comment by the time of publication. In the same Financial News report, it was also suggested that Gresham Private Equity has hired William Blair to explore strategic options for Swift, the global oil and gas staffing specialist. Gresham bought Swift in 2006 for £21 million and the report suggest the company could now be valued at about £150 million. 

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