Vespa invests in Chase Search and Selection

Upon completion of the deal, Chase will look to expand its team and increase the range of products and services it offers. The business has also completed a recapitalisation as part of the deal.

The UK recruitment sector has experienced extensive private-equity-backed consolidation in recent years. Earlier this year, TPG Growth acquired Frank Recruitment Group from its founders and Livingbridge, in a deal believed to be valued in the region of £200m.

Other notable deals have included the £112m LDC-backed MBO of Pertemps and Network Group in February 2012; AEA Investors' £234m acquisition of NES Global Talent from Graphite Capital in October 2012; and Graphite's £260m sale of Alexander Mann Solutions to New Mountain Capital in October 2013.

Company
Founded in 1998 and headquartered in Edinburgh, Chase is a recruitment company, focusing on nursing, sales and marketing staff for the pharmaceutical, biotech and healthcare sectors.

People
Vespa Capital – Matt Lyons (partner).
Chase Search and Selection – Chris Phillips (chairperson).

Advisers
Company – Clearwater International, Marcus Archer, Wes Fell-Smith, Ramesh Jassal, Daniel Rossington, Sophie Davidson (corporate finance).

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• Topics
• UK / Ireland
• Support services
• Buyouts
• United Kingdom
• Vespa Capital