OMERS Private Equity has agreed a deal with New Mountain Capital to buy Alexander Mann Solutions for an enterprise value of £820m.
OMERS Private Equity is the private equity investment arm of the defined benefit pension plan for municipal employees in Ontario, Canada.
Alexander Mann Solutions is headquartered in London and it provides talent acquisition and management services. It was set up by Dublin woman Rosaleen Blair in 1996.
It has over 100 clients across seven industry sectors in over 85 countries and helps those clients - typically large international businesses - to recruit and retain talent through multi-year contracts.
The proposed deal remains subject to several conditions including customary approvals by the competition authorities and is expected to close in the second quarter of 2018.
"With OMERS support we can strengthen our global total workforce proposition and critically, accelerate our digital transformation and investment in robotics and AI, creating an even more compelling proposition for our customers around the world," commented Alexander Mann Solutions' chief executive Rosaleen Blair.
"OMERS' partnership approach, its substantial and unconstrained capital base and its experience of supporting businesses organically and through acquisition make it an ideal partner for Alexander Mann Solutions in this next stage of our journey," Ms Blair added.
