On 6th December 2007, Advent sold Alexander Mann Solutions (AMS) to Graphite Capital in a £100 million management buyout.
The exit marked the successful outcome of a strategic repositioning programme which created the largest independent recruitment process outsourcing solutions (RPO) business worldwide.
AMS was originally acquired as part of the staffing services business, the Alexander Mann Group (AMG). The AMG portfolio was gradually repositioned through a series of strategic disposals to focus exclusively on AMS’ RPO activities.
At the time of exit, AMS employed 900 staff, served 28 blue-chip clients in more than 50 countries and generated turnover of £340 million in 2007.