Clearwater has advised recruitment agency GatenbySanderson on its management buyout, backed by private equity house Primary Capital.
GatenbySanderson provides permanent and interim executives across public services and the not-for-profit sector. The business has a particular expertise in headhunting chief executives, senior management teams and non-executive board member within markets that frequently undergo change.
Primary Capital has previous experience in the support services sector, acquiring security recruitment business Pegasus Security and achieving a 5x return on its investment in 2006. Primary Capital's latest acquisition will help GatenbySanderson achieve the next stage in development by adding an experienced board member and providing long-term shareholder value.
