UK-based mid-cap investor Baird Capital Partners Europe has invested in The SR Group, a recruitment services firm.
Beechbrook Capital provided debt to support the transaction. Baird targets UK-based companies with a turnover of £10-100m. The GP's latest investment is in line with its experience in business recruitment...
Deal marks the second bolt-on for the business, following the acquisition of Swiss diagnostic imaging provider IRD
Deal marks the second investment made from the GP's 2016-vintage sixth vehicle, which closed on £660m
Acquisition is the company's first out of two planned for this year with ActoMezz's backing
Total commitments for the fund fell some way short of the vehicle's €350m target and €400m hard-cap