Armstrong Craven Completes Management Buyout
May 9, 2015 – Specialist executive search and intelligence consultancy, Armstrong Craven, has secured a £3.5m investment from ISIS Equity Partners (ISIS) to complete a management buyout. The deal, led by Armstrong Craven’s founder Sue Craven and Matthew Mellor (CEO) with Rachel Davis (COO), will establish the business as a separate entity from its former parent company Work Group plc. “This investment will support Armstrong Craven as it continues to expand its international footprint by targeting new geographies and opening international offices in North America and South East Asia. It will also support the development of the infrastructure, operations and people; enabling the business to build on strong relationships with existing clients and create new opportunities for growth,” said Mr. Mellor. Nick Holder who, together with Pete Clarke led the deal on behalf of ISIS Equity Partners, will join the board of Armstrong Craven. Established by Sue Craven in 1990, Armstrong Craven began as an outsourced partner to traditional recruitment practices. Since then, the business has evolved to become a provider of senior talent and HR intelligence to leading global corporates in over 120 countries across all continents.