HCRG acquired Sugarman Group and Sugarman Health & Wellbeing earlier this year as part of an investment into Cordant Group by Twenty20 Capital. 

An HCRG statement said: “Following an extensive restructuring, repositioning and change in strategy, HCRG confirmed the sale of the Australian group as a result of wanting to concentrate specifically on UK operations as opposed to international services.”

Sugarman Australia began operating in 2008, has offices in Sydney and Perth, and employs 31 people. 

The HCRG press spokesperson was unable to provide information on either the Sugarman Australia management team or the MBO price. The Sugarman Australia website had no information on the management team.

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