NBGI Private Equity has sold Ochre House to Pinstripe, Inc., a portfolio company of Accel-KKR
Lincoln International announced that Ochre House, a portfolio company of NBGI Private Equity (“NBGI”), has been sold to Pinstripe, Inc., a portfolio company of Accel-KKR. Lincoln International (“Lincoln”) acted as the exclusive financial advisor to Ochre House, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
Ochre House is a major international player in recruitment outsourcing and the wider talent management field, with regional hubs in Europe, Asia and latterly in the Middle East under the Carmichael Fisher & Taaheed brands. Named by top outsourcing analysts, NelsonHall, as one of the world’s leading providers of full end-to-end recruitment process outsourcing, Ochre House focuses on all key aspects of the talent pipeline – engagement, development and retention to deliver Total Workforce Management.
“Pinstripe and Ochre House’s combined strength will become the new benchmark for global RPO and talent management solutions,” said Chris Herrmannsen, former CEO of Ochre House and new corporate executive vice president and managing director for global business development and emerging markets for the combined organization. “We intend to further expand our footprint into emerging markets and provide our clients with a powerful, unified solution for navigating today’s increasingly competitive talent marketplace.”
Herrmannsen continued, “Through an aggressive, targeted, global marketing effort and deep knowledge of the strategic buyer universe, Lincoln achieved an attractive outcome for shareholders and the company. Lincoln’s unique insights and extensive industry expertise enabled them to convey our story in a compelling manner and provide critical advice during the process.”
Mark Owen, founding director of NBGI added, “Lincoln’s cross-border capabilities were critical in closing this transaction. Their team, based in both the U.S. and the U.K., drove the process and produced the results that we expected.”
About NBGI Private Equity
Established in 2000, NBGI is a leading European private equity and venture capital investment firm, currently managing approximately €900 million across a number of different funds. The firm’s investment and industry experience is focuses on the Business Services, Healthcare and Manufacturing sectors. NBGI’s funds invest in a range of different private equity sectors including lower mid-market buy-outs in the UK, France and Emerging Europe, venture capital for medical technology companies and real estate, also in Emerging Europe. For information about NBGI Private Equity visit www.nbgipe.com.
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