MBO at search firm Armstrong Craven backed by ISIS Equity Partners
3 July 2013
Executive search and intelligence consultancy Armstrong Craven is targeting overseas growth in South-East Asia and North America following a management buy-out (MBO) assisted by investment from ISIS Equity Partners.
Wed, 3 Jul 2013Executive search and intelligence consultancy Armstrong Craven is targeting overseas growth in South-East Asia and North America following a management buy-out (MBO) assisted by investment from ISIS Equity Partners.
The £3.5m investment enabled the MBO led by founder Sue Craven alongside chief executive officer Matthew Mellor and chief operating officer Rachel Davis
The company splits from previous parent Work Group. In 2012, Armstrong Craven saw an 8% decline in fees and operating profit dropping to less than a third of previous levels.
Mellor says overseas offices are in the pipeline for the company, which currently has bases in London and Manchester.
Other recruitment agency MBOs in 2013
The £3.5m investment enabled the MBO led by founder Sue Craven alongside chief executive officer Matthew Mellor and chief operating officer Rachel Davis
The company splits from previous parent Work Group. In 2012, Armstrong Craven saw an 8% decline in fees and operating profit dropping to less than a third of previous levels.
Mellor says overseas offices are in the pipeline for the company, which currently has bases in London and Manchester.
Other recruitment agency MBOs in 2013
- ‘Euromedica gets investment from Caan's Hamilton Bradshaw’ (recruiter.co.uk, 26 Jun 2013)
- ‘Major Players: MBO sees recruiter leave Randstad’ (recruiter.co.uk, 22 Apr 2013)
