Baird, Beechbrook complete Nigel Wright restructuring

Each institutional investor will retain a minority stake. The transaction was led by chief executive Paul Wilson and directors Mark Simpson, Lars Herrem and Mark Ingleson, who together with the wider leadership team now own a majority shareholding of the group.

Beechbrook is also a senior lender on the deal, though it is unclear when Beechbrook acquired its stake in the business.

Previous funding
Baird acquired Nigel Wright for an estimated £15m in October 2010. The equity contribution was provided by Baird Capital Partners Europe Fund, a €204m vehicle raised in 2005. The deal was sourced through direct contact with the company's founder and selling shareholder, Nigel Wright.

Company
Founded in 1988, Nigel Wright operates from its headquarters in Newcastle upon Tyne as a specialist consumer sector recruitment firm in the north of England, and has expanded across Europe.

Advisers
Vendor – Eversheds Sutherland (legal); Pinsent Masons (legal).
Management – Womble Dickinson, Jamie Pass (legal); Ryecroft Glenton Corporate Finance (corporate finance); PwC, Richard Podd, Richard Schofield (financial due diligence).

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• UK / Ireland
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• Baird Capital Partners Europe Ltd
• Beechbrook Capital
• Eversheds
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