Saturday, July 20, 2024

Nottingham recruitment company secures multi-million-pound investment

Specialist recruitment company Metric Search has secured a multi-million-pound investment from BGF, the growth capital investors.

Founded in 2019 by Joe Jani, with headquarters in Nottingham, the business has offices in New York, London and Florida to service its growing US customer base.

The funding from BGF will allow Metric to further extend its footprint in the US recruitment market, which is worth an estimated $216 billion, by expanding its offering into dedicated exec search, contract recruitment and further niche specialisms.

The deal was led by Adam Huckerby, Sam Giurani and Seb Saywood, investors in BGF’s Midlands team.

Andy McCrae – part of BGF’s Talent Network – is joining as non-executive chair (NXC). He brings a wealth of industry experience from the likes of Phaidon International, Oliver James and SR Group, having previously worked with a range of PE-backed businesses and entrepreneurs.

In addition, John-Joe Walker has been appointed as chief commercial officer to ensure the company continues to offer the best level of client care across its global office base, alongside continued support from Zac Flint as finance director.

Joe Jani, founder and CEO, said: “Our global footprint has enabled us to successfully grow in the US market, whilst building a world leading HQ in our home city of Nottingham. From there, we have developed a compelling proposition in high growth, well capitalised sectors that have an excellent outlook, servicing clients that are at the forefront of cutting-edge technology and innovation and range from SMEs to blue-chip companies.

“The US recruitment market as a whole has vast potential and will play a crucial role in helping us to accelerate our growth ambitions – both geographically and from a sector perspective. In BGF we have an aligned investment partner which has the experience, network and approach to help us achieve our exciting plans and we’re delighted to be partnering with them.”

BGF investor Adam Huckerby, who will join the Metric board, added: “Metric has achieved remarkable success in a short amount of time, and is well placed to capitalise on the dynamic, growing US recruitment market through its high quality, specialist service.

“This is a great example of how BGF can support ambitious, high performing teams to fulfil their plans. We look forward to working with Joe and the team with the next phase of accelerated growth.”

Cowgills advised management on the deal. James Kennedy, partner in the deal advisory team, said: “We are very pleased to support Metric in securing an investment from BGF. The high performing Metric team are great to work with and I wish them every future success as they continue their impressive momentum in the US.”

Other advisers on the deal to the company and shareholders were Cowgills Corporate Finance (James Kennedy, Brett Marsden, Tom Roberts), Knights (Gavin White, Hannah Jones, Rachel Hatton, Clive Day), Cowgills Tax (Georges Daubney, Jason Gauthier), and Browne Jacobson (Matt Bolton).

Other advisers on the deal to BGF were Gateley Legal (Matt Hussey, Sophie Cahalin, Tammi Broad), Claritas Tax (Ses Memhi, Cass Cornforth, Natalie Lee), and Fairgrove Partners (Paddy Woods Ballard, Oli Lestner).

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