MML invests in Spencer Ogden for next phase of growth

International private equity firm MML Capital Partners has taken a controlling stake in Spencer Ogden.

The global energy and infrastructure recruitment agency says MML’s “significant investment” will support its next phase of growth. Co-founder Sir Peter Ogden and Spencer Ogden’s management keep a remainder stake in the business.

MML’s two representatives on the board are Robert Devonshire (investment director) and Richard Mayers (partner), who will be alongside Bradley Lewington and Ed Ogden.

With the change in ownership, Spencer Ogden will remain focused on its ambitious organic growth plan in core specialist sectors, while delivering niche talent and developing key client partnerships.

Celebrating its 10th year in business, Spencer Ogden now has more than 400 employees globally across 12 international offices focusing on renewables, power & utilities, built environment and oil & gas.

Richard Mayers, partner at MML Private Equity, says: “We are delighted to announce our investment in Spencer Ogden. We see Spencer Ogden as a specialist player in a fast-growing and dynamic sector… We intend to further support the company’s organic growth in core markets and locations whilst staying true to its people-focused led business.”

CEO of Spencer Ogden Bradley Lewington adds: “I’m very excited to be partnering with MML for the next part of the Spencer Ogden journey. I would also like to pay tribute to and thank the co-founders David Spencer-Percival and Sir Peter Ogden, both of whom will remain shareholders and supporters of the business moving forward.”

Corporate finance adviser Clearwater International advised MML on the deal.

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