Baird Capital Backs SR Group

Baird Capital Partners Europe, the UK-based buyout fund of Baird Private Equity, has put an undisclosed amount into The SR Group, a provider of recruitment services. Details of the investment were not released. Debt funding for the transaction is provided by Beechbrook Capital.


Baird Capital Partners Europe Invests In Legal Services Recruiter SR Group
Baird Capital Partners Europe (“Baird”), the UK-based buyout fund of Baird Private Equity, announced today that it has invested in The SR Group (“SRG”), a leading international provider of recruitment services to the legal services sector and the wider commercial, financial and professional services markets. This is the third investment by Baird Capital Partners Europe in 2012.

Founded in 1987 and headquartered in London, SRG is an international recruitment business with specialist, leading global brands in Legal (Taylor Root), Human Resources (Frazer Jones), Taxation (Brewer Morris), Marketing (Carter Murray) and Executive Search (SR Search).

Outside of the UK, SRG also has significant operations in Australia, Asia and the Middle East.
Baird will leverage its international network to help support the expansion of SRG’s business in Europe and Asia. Additionally, Baird Operating Partner Tim Trotter will join SRG’s existing management team as Non-Executive Chairman.
Commenting on the transaction, Chris Harper, Managing Director with Baird Capital Partners Europe, said:
“We are excited about partnering with the SRG management team and look forward to leveraging our established knowledge in the recruitment services sector to build on the company’s already exceptional reputation as an industry leader.”

Mark Brewer, Managing Partner of SRG, commented:

“We are equally pleased to have Baird on board. They are an investor who really understands our business and our culture. We share an exciting vision for the continued growth and international expansion of our business.”

Baird has significant experience in the Business Services sector and recruitment services in particular. Its current portfolio includes investments in Nigel Wright Group, a leading UK recruitment consultancy specialising in the placement of professionals into the consumer industries sector in the UK and internationally and Synarbor, a public sector recruitment and services company. Previous human capital investments have included Aston Carter, Elan Computing, SII and Capital Consulting.

Debt funding for the transaction is provided by Beechbrook Capital.

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Notes to editors

Baird Capital Partners Europe, the UK based buyout fund manager of Baird Private Equity, invests in U.K. lower middle market companies with an established annual turnover of £10m to £100m. Since 1971, it has completed over 150 private equity investments in the business services, manufactured products and healthcare sectors, where it has deep experience, knowledge and ability to add value. Baird Capital Partners Europe is supported by operating resources in Asia, focused on facilitating and executing sourcing, manufacturing and distribution strategies for its portfolio companies. Baird Private Equity is the global private equity group of Robert W. Baird & Co