UK mid-market firm Graphite Capital has sold its investment in Alexander Mann Solutions (AMS) for £260m in its fifth exit in a year, making a return of 3.5 times.
The firm participated in the management buyout of the talent management services provider in 2007 and later backed it for the bolt-on acquisition of Capital Consulting.
During the Graphite’s ownership, the company saw its net income double to nearly £100m in 2012, while its client base also doubled.
AMS’ clients include Rolls-Royce, Deloitte, Barclays, Credit Suisse, Freshfields, Microsoft, Origin Energy, Vodafone, BAE Systems and Novartis.
Graphite senior partner Mike Tilbury said, “AMS has become a world-class business and the leader in an exciting niche global market. Under our ownership, and with strong leadership from Rosaleen, AMS’ business model has been transformed, underpinning its significant profit growth.
“The quality and breadth of its customer base, the strength of its service proposition and the size of its new business pipeline place AMS in a great position to continue its growth trajectory.”
Last month Graphite closed its eighth fund on £475m, making it the largest fund dedicated to investing in UK companies raised in the past five years.
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