The SR Group, a leading international specialist recruitment company, has announced a successful refinancing of the business supported by Eurazeo and long-standing Private Equity partner, Baird Capital.
The funds raised as part of this refinancing have been used to repay founder shareholder and institutional debt and equity, the net result of which has been to position group management as majority shareholders in the business. Baird Capital will continue to be a significant shareholder in the business.
David Buckley, CEO of The SR Group commented, “Given strong performance and expansion over several years and with exciting plans for further growth and development, this is a fantastic opportunity to position the business for the future and to welcome more of our management group as shareholders.
“This transaction, completed as it has been in challenging market conditions, would not have been possible without the continued support of Baird Capital and Eurazeo,” he added. “Both have been incredibly supportive partners in the past and will continue to be in the future.”
Dennis Hall of Baird Capital stated: “Baird Capital has enjoyed supporting The SR Group in achieving its ambitious growth plans and aspirations to date and we look forward to continuing to support David and the wider SR Group team going forwards.”
