Private equity investor New Mountain Capital is to acquire talent acquisition and management specialist Alexander Mann Solutions for GBP260m.
The transaction is subject to EU Competition Commission approval.
New Mountain is investing alongside management who have a significant ownership stake in the company. New Mountain will support Alexander Mann Solutions to further develop its integrated offering of outsourcing and consultancy services which help international organisations to attract, engage and retain their people.
Alexander Mann Solutions was founded in 1996 by Rosaleen Blair (pictured) who will remain as chief executive, supported by her management team.
“This is an exciting day for the Alexander Mann Solutions team. New Mountain shares our conviction that human capital defines the ethos, culture and performance of business in the 21st century,” says Blair. “We have developed this business over the last 17 years and have become the number one provider of talent acquisition and management services globally. Our team chose New Mountain as our new partner because of their strong experience in the human resources services sector and commitment to business building. With New Mountain beside us, we look forward to extending our global footprint, particularly in North America, deepening our sector expertise and expanding our service offering to ensure our clients receive the most innovative and rewarding solutions for their organisation.”
Mathew Lori, managing director at New Mountain Capital, says: “We are firm believers in the critical importance of talent management and believe Alexander Mann Solutions’ success is evidence of the industry-defining solution Rosaleen and her team have built.
“We believe in the strategy Alexander Mann Solutions has developed and are pleased to be investing alongside management to pursue a focused growth path. We look forward to working closely with Rosaleen and her international team over the coming years and believe that through our partnership, Alexander Mann Solutions will not only continue to expand its services to clients, but will also create even more exciting career opportunities for many of their own team of professionals.”
Headquartered in central London, Alexander Mann Solutions has significant client presence in North America, Europe and Asia, operating in more than 75 countries and employing almost 2,000 people.
New Mountain Capital is a growth-oriented private equity firm based in New York and currently manages over USD10bn in assets.
Alexander Mann Solutions has been acquired from Graphite Capital, a specialist provider of private equity finance in the UK which has GBP1.7bn under management.
