YFM backs Castlerock

The investment was made through the £45m North West Fund for Development Capital, managed by YFM.

YFM makes investments from £100,000 - £2m in businesses across all stages of development through this vehicle.

The capital injection will underpin the organic growth of the business and fund new hires.

Company
Castlerock Recruitment Group Limited is a healthcare recruitment business that provides permanent and temporary staff to clients including the Ministry of Defence, NHS, HM Prisons and the private sector.

The company is headquartered in St Helens and reports a £15m annual turnover. It has ten UK offices and employs 57 staff, including 31 recruitment specialists.

People
Joseph Bergin, head of the North-West team at YFM led the transaction alongside YFM investment manager Matthew Male. Ian Munro is CEO of Castlerock.

Advisers
Equity - PKF (Financial due diligence); Gunnercooke (Legal).
Company - RSM Tenon (Corporate finance); JMW (Legal).

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