YFM backs Castlerock
YFM Equity Partners has completed a development capital injection into UK-based healthcare recruitment company Castlerock Recruitment Group Limited.
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).
More on UK / Ireland
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater