Background
• AMS is the largest independent provider of recruitment process outsourcing (RPO) solutions to blue-chip companies worldwide. AMS was founded in 1996 by chief executive, Rosaleen Blair, the Veuve Clicquot 2007 Business Woman of the Year.
• AMS provides clients with integrated processes throughout the entire resourcing and recruitment cycle from the initial hiring stage through to outplacement.
• After 11 years of strong growth, AMS has 900 staff serving 28 clients in more than 50 countries and is the leading RPO provider in Europe and Asia-Pacific. It generated turnover of £340 million in the year to September 2007.
• The RPO market is set for long-term double digit growth. Following the buyout, AMS will capitalise on that growth by developing new products and services, expanding into additional geographical areas and building its presence in new industry sectors.
Process & Outcome
• Close Brothers Corporate Finance provided Graphite Capital with debt advice on the transaction.
• HSBC provided a sole underwrite of the structure which includes an invoice discounting facility, senior cash flow based debt and a revolving credit facility.
• The facilities provide a flexible and cost-effective solution structured to support the strong forecast growth of the Company.
• The transaction was successfully completed in an extremely tight timeframe in an uncertain debt market.
Testimonial
Mike Tilbury, Partner of Graphite Capital commented
“Close Brothers Corporate Finance have been instrumental in achieving well structured and competitively priced facilities that help to position AMS well for its exciting future.”
For more information regarding this transaction, please contact Daniel Morland or Simon Chambers on +44 (0) 20 7655 3100.