July 20, 2021 – Elysian Capital has acquired executive search, consulting, and interim management provider Eton Bridge Partners, the first investment of the Elysian Capital Fund which closed last September at £325million. Edward Brett, partner at Elysian Capital, said: “Eton Bridge have built a distinctive talent solutions business. We have been very impressed with their culture and the strength and caliber of the people across the whole organization. Elysian are very pleased to be supporting the team as they continue to grow the business’s offering and reach.”
Eton Bridge Partners is a specialist in executive search and interim management, with a focus on four distinct practices areas: board, business transformation and technology; CFO and finance; human resources and operations; and procurement and supply chain. The firm works with clients in London as well as assisting divisions and subsidiaries of businesses across the U.K., Europe, Africa, and Asia-Pacific. Eton Bridge Partners’ practices partner with a wide range of clients and has developed relationships with large privately owned, FTSE100, FTSE250 and AIM-listed organizations, private equity funds and portfolio businesses. The firm has offices in Windsor and London.
Under the leadership of co-founder and managing partner Ashton Ward, Eton Bridge Partners has grown to 77 staff and developed practices across corporate boards, finance, HR, sales and marketing, business transformation, digital leadership and legal.
“Eton Bridge’s success has been underpinned by our collaborative culture that puts our clients and candidates at the heart of everything we do,” said Mr. Ward. “We found Elysian’s values and culture strongly aligned with ours and are delighted that they will be partnering the Eton Bridge team on the next stage of our journey.”
Elysian Capital was advised by Stephenson Harwood (legal); RSM (financial due diligence); KPMG (tax); GT (debt advisory); Azlan Advisory (strategy); CIL (commercial due diligence). Gallagher (insurance); Farrpoint (IT) and Strategic Awareness (management due diligence).
LLR Partners Makes Equity Investment in True
Private equity firms continue to pair up with executive recruiters at a blistering pace. High growth rates, new layers of incremental revenue streams, and AI-powered talent intelligence tools aimed at revolutionizing the sector are creating a perfect storm for PE investors who now view search firms as an investment of choice. Hunt Scanlon Ventures talked to True about their deal with LLR Partners.
True surpassed $100 million in revenues in 2019 and added 146 people during the pandemic. True has consistently been the fastest organic growth mid-sized search firm over the last decade. Last month, True placed No. 7 on the Hunt Scanlon Media ‘Top 50 Recruiters’ ranking.
Eton Bridge Partners’ shareholders and management were advised by Grant Thornton (corporate finance); Burges Salmon (legal) and Wilson Partners (tax). Senior debt and working capital facilities were provided by HSBC UK which were advised by Addleshaw Goddard.
Elysian Capital is an independent private equity fund specializing in the U.K. and Ireland lower mid-market. The management team combines entrepreneurial and business operational competence with an experienced private equity and leveraged debt capability, providing the full range of skills needed to make and develop successful investments in Elysian Capital’s target markets.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media