MBO of Amberjack backed by LDC
HMT LLP advised on the management buy-out of graduate recruitment services firm Amberjack Ltd. LDC Private Equity invested £17.6 million to support the business.
Based in Newbury, Amberjack provides specialist career services and software to many of the UK’s largest employers, with a particular focus on graduates, school leavers and apprenticeship programmes. It uses proprietary cloud-based software tools to automate processes, manage application volumes and provide data driven insights to help assess and select candidates and also provide a professional experience to candidates.
Amberjack’s clients include major organisations such as Unilever, GSK, Mars, Network Rail, BP, Heathrow Airport, Virgin Media Liberty Global and members of the Big Four.
LDC has invested £17.6million of equity to support the 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 investment director Chris Baker, who led the deal, will join the board as non-executive director alongside investment director Alastair Weinel. Paul Bosson will join as non-executive chairman.
HMT undertook financial due diligence for LDC on this transaction.
Chris Baker, Investment Director at LDC commented:
“HMT did a great job supporting us on this transaction, identifying the key issues early on and working tenaciously with the buy-side team to help us complete the investment in an efficient manner. As usual, HMT maintained a dedicated approach throughout and provided trustworthy and pragmatic advice.”
Paul Read commented:
“We are delighted to have advised LDC on their investment in Amberjack. The business is an indeniable market leader in their sector and LDC’s investment will enable them to expand their service range and accelerate growth. We look forward to working with them again in the future.”
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