Nottingham-based independent recruitment company undergoes management buy-out
Deal backed by funding from former BBC Dragon’s private equity firm
SF Group has undergone a management buy-out (MBO) with funding from Hamilton Bradshaw Private Equity, which was founded by former BBC Dragon James Caan.
Founded in 1997 by Rob Yong, Nottingham-based SF Group claims to be the largest independent financial recruitment company in the Midlands and North West, with a turnover of £12.5m and a staff base of 90.
Hamilton Bradshaw chairman and founder James Caan hopes that the MBO, led by SF Group’s managing director Tony Minnis, will boost the recruitment firm’s staff base to 110 within the next three years, while increasing the net fee income to £10m.
Caan provided support to Hamilton Bradshaw’s investment director Adam Fletcher, who led the deal on behalf of the private equity firm.
Managing director of SF Group Tony Minnis is also confident that the Hamilton Bradshaw-backed MBO will encourage growth for the recruitment firm: “SF Group with Hamilton Bradshaw is the beginning of a new and exciting chapter for us.
“The expertise and investment provided by our new board members as well as access to the HB Group’s significant knowledge sharing capabilities will give us a superior platform from which to grow.”