News

8 February 2008

Nomura's private equity team led the successful merger between two growing organisations to deliver enhanced value in an evolving marketplace

The merger brings together Premier Medical, a leading provider of independent medical services, with current annual revenues of £16m, and Medico-Legal Reporting, one of the most established providers of medico-legal reports, with current annual revenues of £19m, which was the subject of a management buy-out backed by 3i in 2001.   The merger is the first of this scale in the industry.

The new organisation will have relationships with a broad base of experts across all medical faculties, producing 106,000 reports per annum for solicitors as part of accident and injury related claims funded by insurers and employers. This, along with the expertise and experience of the combined management team, will create a stable platform for the group to strengthen and streamline its current medical reporting services as well as develop complementary clinical services in rehabilitation and occupational healthcare.

16 November 2007

Nomura Private Equity backs MBO of Huntress Holdings Ltd

London: 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."