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Global specialist recruitment specialists Nigel Frank International has sold a 35% stake in the company to ISIS Equity Partners, in a £22 million deal. Founded in Newcastle Upon Tyne in 2006, Nigel Frank International specialises in recruiting permanent and temporary contract candidates into vacancies relating primarily to Microsoft Dynamics software across the globe.
“Nigel [Frank] 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,” said Sean Wadsworth, CEO and Co-Founder of Nigel Frank International.
This 35% acquisition by ISIS Equity Partners marks the second purchase in recent months for the company. ISIS recently purchased recruitment firm Armstrong Craven from Work Group PLC. “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,” said Xavier Woodward, investment director, ISIS Equity Partners.
The division of the remaining shares is not currently available.
The investment will be used continue the global expansion of the company, and to diversify into new markets through potential acquisitions and new offices in the US and EMEA. Nigel Frank International currently has offices in London, New York, Singapore, and Melbourne, with a San Francisco Office scheduled to open in 2013.