Nomura Private Equity Backs MBO of Huntress Holdings Ltd
London, 19 November, 2007 – Nomura, the leading Asia-based investment bank, today announced that its private equity team has backed a management buyout of Huntress Holdings Ltd, the diversified white collar recruitment firm. Nomura Private Equity is the only institutional investor in Huntress.
Huntress is a leading white collar search and selection company for small to medium sized entities and blue chip corporations, including 50% of the FTSE100 in the areas of executive search, commercial, technology, accounting and finance recruitment. Huntress was established in 2000 by the current management team and has achieved turnover growth of 40% per annum over the last five years, with current annual revenues of £78m.
The business has over 300 personnel across a network of 17 offices primarily in London and the South East. The company expects to increasingly become an international player in recruitment with over 25% of its technology recruitment business being delivered outside the UK.
Andrew Healey, Head of Private Equity commented, "Huntress has consistently delivered excellent client, candidate and employee satisfaction across its operations which in turn has translated to industry leading growth and profitability in the UK. That the company's growth has occurred in both candidate and client driven markets, is a hallmark of a truly industry leading management team."
Gary Laurence CEO and Co-founder of Huntress, commenting on the investment by Nomura Private Equity, said, "We are of course thrilled to have been supported by Nomura in this landmark transaction. The sheer scale and footprint of our new financial backers combined with our highly successful growth model should propel us onto a larger national and international footing as a means of serving our clients needs more completely."
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For further information please contact:
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| Name | Company | Telephone |
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| Adele Walton | Corporate Communications, Nomura | 00 44 20 7521 2483 |
| Gary Laurence | CEO, Huntress Holdings Limited | 00 44 207 774 1300 |
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Nomura Group
Nomura is a global financial services group dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, over 150 branches in Japan, and an international network in 30 countries; with regional headquarters in Hong Kong, London, and New York. The Group's business activities include investment consultation and brokerage services for retail investors in Japan, and, on a global basis, brokerage services, securities underwriting, investment banking advisory services, merchant banking, and asset management. For further information about Nomura please visit our website at www.nomura.com.
Nomura Private Equity
Nomura is an active Private Equity investor with a global portfolio of $4.5billion. Nomura Private Equity based in London is engaged in midmarket private equity supporting MBOs with Enterprise values from £20-200m in Business Services, Healthcare Services and IT Services sectors. Since its creation in 1997, Nomura Private Equity has invested in over 50 companies in the US and Europe including Lifeways Community Care, Compellent and Nations Healthcare. Nomura seeks to add value to its investee companies through its relationships with global investors and corporations, its network of advisors and through detailed sector knowledge. For further information about Nomura please visit www.nomura.com.
Huntress Holdings Ltd
Huntress Holdings, is one of the UK's fastest growing search and selection consultancies Huntress is the UK's most energetic, imaginative and rapidly growing recruitment group. Established in 2000 by a group of leading industry figures, Huntress today is a multi-award winning company with 19 centres throughout the UK and ambitious plans for further domestic and international expansion.
Guided by an innovative consultancy approach, Huntress provides permanent, contract and temporary staff to a wide range of industries with a focus on five professional areas: Commercial, Technology, Finance, PR & Marketing and Executive Search. A pioneering approach to recruitment has enabled it to establish itself as a major force in these sectors and over 50% of the FTSE 100 are Huntress clients.
While 66% of candidates reach Huntress through recommendation - testimony to a highly reputable service - the company is continuously researching and adding new candidates to a central database by investing over £1.5m in a variety of media including the Internet, its own website, national and local press, job boards, sponsorship and career fairs, Huntress reaches millions of jobseekers every day.
For more information please visit www.huntress.co.uk
