Investec sells Investigo to BCI

The transaction brings to an end a five-year holding period for Investec, and will see Investigo management retain a 47.5% stake and BCI holding a 52.5% stake.

Unquote understands the investment generated an IRR of 40% for Investec, and that the firm held a 30% stake in the company prior to the sale. It is also understood the deal values the company at more than £30m.

Under Investec's tenure, the business has undertaken an international expansion strategy, opening a New York office in September 2017, and introducing new services. In February 2018, it launched a public services dedicated team, providing recruitment services for central government and the wider public sector.

Previous funding
Investec backed the management buyout of Investigo in 2013, providing a package of debt and equity funding.

Company
Founded in 2003, London-headquartered Investigo is a professional-services-focused recruitment firm. It has additional offices in Guildford, Milton Keynes, Oxford, St Albans and New York, serving clients across the UK, continental European and US markets. The business has a headcount of 185 and generates a turnover of £101.9m with profits of of £5.2m.

People
Investigo – Nick Baxter (CEO).
Investec – James Stirling (head of growth and acquisition finance).

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• UK / Ireland
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• United Kingdom
• Investec
• Trade sale