
Baird Capital Partners acquires Nigel Wright Group
Baird Capital Partners Europe has acquired UK-based recruitment services provider Nigel Wright Group (NWG), for an estimated £15m.
Baird belives the company is well placed to take advantage of increasing competition between European consumer businesses looking to recruit top talent. It also expects the recruitment services market to undergo consolidation, and is considering other potential acquisitions in the sector.
Founded in 1988, NWG is a permanent recruiter of professionals into the consumer industries, with clients including Coca Cola, P&G, Diageo and Walt Disney. The company will now keep on expanding its European operations, and will also look to develop in Asia. NWG currently employs 100 people and posted a £9.6m turnover for 2009.
The recruitment consultancy sector seems to be attracting increasing attention from private equity investors. HIG Capital recently made a significant investment in German temporary staffing agency 7(S) Personal.
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 Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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