Nigel Frank International Gets Cash Infusion from ISIS

Specialist recruitment company Nigel Frank International Limited has raised £22 million ($33 million) from ISIS Equity Partners and HSBC Bank plc. ISIS has taken a 35% stake in the company.

The investment will allow the company to continue to expand into other countries as well as enter new markets through potential acquisitions and new offices in the US and EMEA (Europe, Middle East, Africa), officials said. The new capital will also enable the management team to realize some of the value of the business they have built up since the company was formed.

Since the company was established in 2006 by Sean Wadsworth (CEO) and Nigel O'Donoghue (CFO), it has rapidly grown. In addition to its  headquarters in Newcastle upon Tyne in the UK, Nigel Frank also has offices in London, New York, Singapore and Melbourne. Its newest office opened in San Francisco in 2013.

Based in the UK, Nigel Frank focuses on recruiting permanent and temporary contract candidates into vacancies relating primarily to Microsoft Dynamics software across the globe. Its clients include Microsoft, Avanade, KPMG as well as its business partner, the Lotus F1 Team.

Xavier Woodward, Shani Zindel and David Cotter led the deal on behalf of ISIS. Woodward and Adam Holloway from ISIS will be joining Nigel Frank's board of directors, officials said.

Stephen Ross, whose experience in the recruitment sector includes chair roles at Huntress Holdings Limited and NES Group Limited, has been tapped as chairman of the board.

"Nigel and I are delighted to be working in partnership with ISIS to drive the business forward over the next three to five years," said Sean Wadsworth, CEO and Co-Founder, Nigel Frank, in a statement. "With their unique blend of skills ...