08/04/2019

PMSI provides CDD for LDC's investment in Amberjack

Amberjack, the UK’s market leading specialist in designing and delivering Early Careers and large scale recruitment programmes for blue chip organisations, has secured an £17.6 million investment from leading mid-market private equity investor LDC.  PMSI provided commercial due diligence (CDD) advice for the deal.

Based in Berkshire, Amberjack provides its specialist services and software products to many of the UK’s largest employers, with a particular focus on Early Careers candidates - specifically graduates, school leavers and apprenticeship programmes. It uses proprietary cloud-based software tools to automate processes, manage application volumes and provide data driven insights to help assess and select candidates and also provide a professional experience to candidates. Its clients include major organisations such as Unilever, GSK, Mars, Network Rail, BP, Heathrow Airport, Virgin Media Liberty Global and members of the Big Four.

LDC, the private equity arm of Lloyds Banking Group, has invested £17.6 million of equity to support a management buy-out and accelerate the business’s growth strategy, including providing capital to support investment in the software and technology propositions and help the business to explore complementary acquisitions to broaden its service offering.

Amberjack’s services and software supports over 300,000 people start their career every year, and the business has grown by more than 15% per annum since it was founded in 2000. Its expert in-house team have extensive knowledge and experience in designing and managing successful Early Careers and large scale recruitment programmes.

LDC is backing Amberjack’s existing management team led by Chief Executive Cynthia Bostock and Managing Directors Sophie Meaney and Cassie Sissons. The deal was led by LDC’s Investment Director Chris Baker, who will be joining the board as Non-Executive Director alongside Alastair Weinel. Paul Bosson will also be joining the board as Non-Executive Chairman. Paul brings extensive experience to the Amberjack team, having held executive and non-executive roles in multiple private equity backed software and services businesses.

LDC was advised by James Cowper Kreston, Gateley plc, HMT, Silxo and PMSI Consulting.
 
Amberjack was advised by Spectrum Corporate Finance and Clark Holt. 

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