
Baird Capital Partners sells Aston Carter
Baird Capital Partners Europe has sold Aston Carter Group Limited to Allegis Group, generating a 2.5x gross return and 27% gross IRR.
The company is headquartered in London and is a global recruitment business specialising in consultancy, finance and information technology. Active in 16 countries and employing 300 staff, the company generates an annual turnover in excess of £180m.
Baird Capital Partners acquired a majority stake in the company in 2007 following a £13m investment. Despite major downturns in Aston Carter's key markets, the business has more than doubled its revenues during Baird Capital's investment.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com
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