The investment follows reports last weekend by City AM that Cordant came close to collapse following a disagreement when one of its lenders refused to refinance a debt facility.

Twenty 20 Capital, founded by Tristan Ramus (pictured right) and Ian Munro (pictured left) in 2017, revealed it had completed the investment into Cordant Group yesterday, which will see more than 45,000 jobs protected. The deal sees Twenty 20 Capital become the majority shareholder in Cordant, while a new investment board and chairman will also be appointed.

Advisers to the transaction were Hemmingway’s Solicitors and Duff & Phelps. Twenty 20 Capital primarily focuses on the UK and European staffing and services sectors.

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