Amberjack secures £17m+ investment for MBO

Amberjack, a specialist in designing and delivering early careers and large-scale recruitment programmes for blue-chip organisations, has secured a £17.6m investment from mid-market private equity investor LDC, the private equity arm of Lloyds Banking Group.

LDC has invested the equity to support a management buy-out and accelerate the business’s growth strategy, including providing capital to support investment in the software and technology propositions and help the business to explore complementary acquisitions to broaden its service offering.

LDC is backing Amberjack’s existing management team led by CEO Cynthia Bostock and managing directors Sophie Meaney and Cassie Sissons. The deal was led by LDC’s investment director Chris Baker, who will be joining the board as non-executive director alongside Alastair Weinel. Paul Bosson will also be joining the board as non-executive chairman. 

Amberjack uses proprietary cloud-based software tools to automate processes, manage application volumes and provide data driven insights to help assess and select candidates.

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