Living with an external investor…

Tristan Ramus Adam Fletcher

Mayfair based private equity firm specialising in buyouts, growth capital and start ups in the recruitment sector.

Launched in 2006 by Tristan Ramus and James Caan

22 Recruitment Investments

25 UK Offices

800 Staff

£420m Sales

28 Market Sectors

4000 Contractors paid weekly

HIGHLY ACTIVE

Background• Established in 1991• Manpower Services Provider to broad

range of sectors• 7 UK Offices• Moderate Performer

Scenario• The First acquisition of HCIG buys and build

perform• 60% Investment in June 2007 • £50m Sales - £1.7m EBIT• 2008 Downturn – BIG HIT !

Recovery• Decisive Action• Diversification• 2 x Acquisitions• 3 x Joint Ventures• Up skilled SMT

Sales HCIG EBIT HCIG

Background• Set up in 2003• 2 Co Founders• Senior Appointment Provider• HQ in Bristol• Opened in London 2010• Capable CEO + SMT• Sound Business

Scenario• Exit at 50% Shareholder• Cavendish Corporate Finance• Shareholder Tension• Infrastructure Strain• £17 million Sales, £900k EBIT• Rate of Growth Slowing

Recovery• Support the CEO• Process + Finance• Accountability + Visibility• Hiring• New Offices• Joint Ventures + Acquisitions

TJC Sales TJC EBIT