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Tim Cook leads management buy-out at Human Capital Investment Group

HCIG was established in 2007 and has growth on the back of some highly successful start-ups and the acquisitions it has made. Since Tim Cook joined as Group CEO in May 2013, the group has increased its revenue by 25%. At an individual company level, both Resourcing Group and ewi have more than doubled their revenues over that period.  The other established companies within HCIG including Caritas, Eden Brown, Synergy and Proactive have also achieved rapid growth in revenues and profitability. 

Since January 2013, four new start-up recruitment businesses were launched: Butler Rose and Financial Resourcing Group, within the accountancy & finance and financial services space AlphaTec Consulting, an engineering specialist and Apollo Nursing, HCIG’s first healthcare business. 

The MBO was led by Tim Cook, group CEO, supported by Adam Herron, group COO and Michael Sterling, group FD, all of whom will remain in place together with the existing management of HCIG’s trading companies. 

Commenting on the MBO, Cook noted: “Graphite Capital is a natural partner to HCIG as they have a true understanding of the recruitment sector which will assist us in continuing the exciting expansion of the group.  Graphite will also give the company access to capital for potential acquisitions. The high quality management team at HCIG will remain in place and it is very much business as usual for our 500 plus staff, who remain focused on delivering market leading specialist recruitment services. The shared experience of the two organisations creates a powerful force in the recruitment sector.” 

Graphite Capital has been backing management teams and helping them build their companies for over 30 years, with particular experience and expertise in the recruitment sector.  They have a strong track record of developing successful recruitment businesses, such as: Alexander Mann Solutions, the talent acquisition and management services provider Education Personnel, the supply teaching specialist and NES Global Talent, the international technical recruitment group focused on the oil and gas sector. 

Mike Tilbury, Graphite senior partner, added: “This is an exciting opportunity to back an experienced and high-quality management team that has proved it can achieve impressive financial performance in its target markets. Looking ahead, HCIG has a multi-strand growth strategy that spans organic development, together with further brand incubation and acquisition opportunities. We look forward to working with Tim and his team.”

Mike Tilbury, investment director Humphrey Baker, partner Mudassir Khan, investment manager Liam McGivern, and senior partner Simon ffitch managed the transaction for Graphite.

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