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Hamilton Bradshaw has provided financial recruiter SF Group with funding to support a management buyout led by the company’s MD, Tony Minnis. The staffing provider, which boasts revenues of £12.5 million, has a heavy presence in the Midlands and North West of the country.
SF Group employs around 90 staff, and provides specialist services to finance and accounting professionals, both on a permanent and temporary basis. The deal was led by investment director Adam Fletcher and supported by Tristan Ramus, Deepak Jalan and former BBC Dragon, James Caan.
“This is a key acquisition for the HB Group, building upon our professional staffing portfolio and providing a sound footing for further expansion within the financial recruitment sector,” said Mr Fletcher.
James Caan, founder and chairman of Hamilton Bradshaw commented: “This is both a considered and strategic transaction for HB. Accountancy and professional services are key markets for us and complement our existing portfolio covering 28 sectors. I am very excited by our investment in the SF Group and see this business growing net fee income to £10m and staff to 110 within the next 3 years, making this a very significant move for the Group.”