Graphite Capital is backing the £25m management buyout of TMP Worldwide from its American parent, Monster Worldwide, Inc. TMP Worldwide is the UK and Ireland’s leading recruitment communications business, with 70% of its business in the public sector with 11 offices in the UK and Ireland.
Funding will be used to hire more staff, support product development and meet customer demand
True Core VII provides seed and early-stage capital, while True Select IV provides follow-on capital
Aurelius plans to explore off-highway wheels sector consolidation options following the carve-out
Global Processing Services generated revenues of £16.5m in 2019 and adjusted EBITDA of £3.79m