Graphite Capital has sold recruitment specialist Huntress Group to Nomura in a secondary management buyout. Graphite achieved total returns of 7.6x the money invested, representing an IRR of 38.5%. The value of the deal was understood to be in the region of £40m.
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