OMERS Private Equity, the private equity investment arm of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada, has entered into an agreement with New Mountain Capital to acquire Alexander Mann Solutions (the “Company”), one of the world’s leading providers of talent acquisition and management services for an enterprise value of £820m (USD 1.1bn).The Alexander Mann Solutions management team is also participating in the buy-out.
Alexander Mann Solutions, headquartered in London, has been at the forefront of outsourced talent acquisition solutions since Founder and Chief Executive Officer Rosaleen Blair pioneered the recruitment outsourcing industry in 1996. Today, Alexander Mann Solutions is a leading global provider of talent acquisition and management solutions delivering value to clients through a portfolio of outsourcing and consulting services. The business helps clients, typically large international businesses, to recruit and retain talent through multi-year contracts.
OMERS will support the Alexander Mann Solutions management team and employees in deepening and expanding its sectorial and geographic focus, and invest in technology to further develop Alexander Mann Solutions’ value proposition for both new and prospective clients. OMERS will also support Alexander Mann Solutions in driving consolidation in what remains a large but fragmented market.