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Morgan Stanley Global Private Equity completes sale of EmployBridge

Morgan Stanley Global Private Equity (MSPE) has completed the sale of its majority interest in EmployBridge, a provider of specialty staffing services, to The Select Family of Staffing Companies, for approximately USD410 million. 

MSPE and Constitution Capital acquired EmployBridge for USD165 million in May 2011.

MSPE invested in EmployBridge in May 2011, citing strong secular trends in post-recession contingent labor usage by US companies. In September 2012, MSPE invested in Creative Circle, a Los Angeles-based provider of freelance creative talent into advertising and marketing fields, including interactive marketing, digital advertising and traditional media.

“We have focused on human capital management because we believe the companies in this sector have played a critical role during the recent recovery of the US economy and will continue to prosper in the coming years,” said Aaron Sack, Managing Director of MSPE. “Businesses of all sizes have benefited from the flexibility and efficiencies that contingent labor and outsourced human resources provides.”

“Morgan Stanley Global Private Equity works closely with portfolio companies to evaluate organic growth and acquisition strategies, and we are proud of EmployBridge’s many successes over the course of the investment period,” said Jim Howland, Managing Director and an Operating Partner of MSPE. “Since 2011, we have worked with EmployBridge management to successfully complete four add-on acquisitions and achieve substantial growth in revenue during our ownership.”

MSPE was advised on the transaction by William Blair & Company and Debevoise & Plimpton LLP.

Morgan Stanley Global Private Equity is a leading middle-market private equity platform that has invested capital in a broad spectrum of industries for nearly three decades. Global Private Equity focuses on privately negotiated equity and equity-related investments primarily in North America, as well as in Europe and other regions. Combining the talents of seasoned investment professionals and experienced operating partners, the team creates value in portfolio companies primarily through operational improvements. Global Private Equity also leverages the brand and unparalleled global network of Morgan Stanley to source investment intelligence and opportunities. Global Private Equity is part of Morgan Stanley Merchant Banking & Real Estate Investing.

Morgan Stanley Merchant Banking & Real Estate Investing (MB&REI) is the Firm’s direct private investing group that puts capital to work on behalf of a diverse client base, including governments, institutions, corporations, and individuals worldwide. MB&REI employs a consistent, proven value-creation approach across a full range of strategies, including private equity, real assets, and credit. From 22 locations around the world, over 400 experienced professionals with extensive private markets expertise and access to Morgan Stanley’s global franchise provide an unparalleled network to source investment intelligence and opportunities. MB&REI’s deep resources include best-in-class reporting, operations, and risk management, providing investors with a comprehensive approach to disciplined investing.

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