Bristol-headquartered recruitment company Opus Talent Solutions has been acquired by 海角视频 private equity firm Graphite Capital in an off-market management buy-out.
Opus, which is based on Portwall Lane in Redcliffe, specialises in the technology and renewable energy markets, and has more than 1,000 clients in over 50 countries.
The firm employs 300 staff across eight offices, including Bristol; Manchester; London; Amsterdam in the Netherlands; Sydney in Australia; and New York, Tampa and Dallas in the US.
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The management buy-out is being led by chief executive Amy Golding and chairman James Kelly. Opus founder Darren Ryemill has sold his stake as part of the transaction and the senior management team is reinvesting a substantial portion of their proceeds.
Corporate financial advisory firm Clearwater International advised on the deal.
Ms Golding said: "We are excited to have Graphite as our partner. Not only do they have a successful track record over many years of helping develop recruitment businesses but there is a strong cultural alignment.
"Also, their expertise and experience in growing businesses in the US is particularly relevant to our growth plans. We believe the partnership with Graphite will further enhance our capabilities to deliver talent solutions to our candidates and our client base around the world.”
Opus has three trading brands, all focused on high-growth niche markets, generating a combined net fee income of approximately £30m, including Opus Recruitment Solutions, JD Ross Energy and _nology.
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According to Clearwater International, all three Opus brands are forecast to achieve strong revenue growth in 2021.
Moves to facilitate cross-selling and drive increased customer penetration have resulted in a near-doubling of revenue from the firm’s top 50 clients since 2019. Estimates put Opus’s global addressable recruitment market at £39.5bn by 2025, Clearwater said.
Rachel Baker, partner at Graphite Capital, said: “We have been very impressed with Amy and the senior management team. Opus is ideally positioned in fast-growth, dynamic and future-proof sectors that are underpinning many of the core drivers of our changing world.
"We look forward to supporting the organisation’s ambitious growth plans and working with the team during the next exciting chapter in the company’s development.”
The Clearwater International team consisted of managing partner Marcus Archer; director Dan Shrimpton; and senior associate Gregory Cornes.
Mr Archer added: “With an extensive and successful track record in the recruitment sector, Graphite is the perfect investor for Opus, and have the experience to provide the business with strategic guidance in the next stage of its growth plans.
"Amy and the rest of the management team have developed a highly regarded and high-quality platform in their chosen niche markets and are now in a fantastic position to excel. We’d like to wish the team all the best.”
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