Duff & Phelps Assisted a Global Recruitment Business Obtain New Funding
Utilising our network of special situation funds, lenders and investors, Duff & Phelps is pleased to announce that it has recently assisted a £50m turnover global recruitment business with obtaining new funding.
About the Client
The CEO of this undisclosed global recruitment specialist to the oil and gas industry needed to implement a succession strategy whilst the new management team pursued expansion into new market sectors.
During this expansion, the firm experienced critical cash flow pressure and was unable to take on further debt to manage its requirements.
Duff & Phelps’ Role
Duff & Phelps successfully introduced a Private Equity investor who funded the implementation of a turnaround strategy. As part of the funding package, a new ownership structure was agreed between the investor and existing shareholders.
Due diligence and legal documents were carried out by the new investor within 4 weeks, thus ensuring minimal disruption to the Company and continuity of trade.
Duff & Phelps continues to assist the business following the re-stabilisation of its financial position. With Duff and Phelps' global reach, we are also well placed to assist the shareholders if or when they decide to sell the business.