Barclays Ventures has sold its shareholding in Advanced Resource Managers Ltd (ARM) to the existing management team. The exit will generate an IRR of 25% for Barclays Ventures. Established in 1996, ARM is a technical recruitment and training consultancy providing personnel for contract and permanent positions in the Engineering and IT sectors throughout the UK. From this standing start, it is now a £60m turnover business supporting predominantly blue chip organisations.
Shares are sold by shares were held by CapMan Buyout X Fund A and CapMan Buyout X Fund B
Advent made a takeover offer of 165 pence per share in cash, which represents a 34% premium in July
Business strategy platform will expand its product and triple its team size
Fund targets companies operating in the healthcare industry, primarily pharma, medtech and outsourced services