Nottingham recruitment firm secures multi-million pound investment

Nottingham recruitment firm secures multi-million pound investment

Specialist recruitment firm Metric Search has secured a multi-million pound investment from growth equity investment firm BGF.

Founded in 2019 by Joe Jani, based in Nottingham, the company has offices in New York, London and Florida to serve its growing US client base.

The BGF funding will enable Metric to further expand its presence in the approximately $216 billion US recruitment market, expanding its offering into dedicated executive search, contract recruiting and other niche specializations.

The deal was led by Adam Huckerby, Sam Giurani and Seb Saywood, investors from BGF’s Midlands team.

Andy McCrae – part of BGF’s Talent Network – is joining as Non-Executive Chairman (NXC). He brings a wealth of industry experience from firms including Phaidon International, Oliver James and SR Group, having previously worked with a range of PE-backed companies and entrepreneurs.

Additionally, John-Joe Walker has been appointed Chief Commercial Officer to ensure the company continues to deliver the best level of client service across its global office base, alongside the continued support of Zac Flint as Chief Financial Officer.

Joe Jani, Founder and CEO, said: “Our global footprint has enabled us to successfully grow in the US market, whilst building a world-leading headquarters in our home city of Nottingham. From there, we have developed a compelling proposition in high-growth, well-capitalised sectors that have excellent prospects, serving clients who are at the forefront of cutting-edge technology and innovation and range from SMEs to blue chip companies.

“The US recruitment market as a whole has vast potential and will play a crucial role in helping us accelerate our growth ambitions – both geographically and from a sector perspective. In BGF, we have an aligned investment partner who has the experience, network and approach to help us achieve our exciting plans and we are delighted to partner with them.”

BGF investor Adam Huckerby, who will join Metric’s board, added: “Metric has achieved remarkable success in a short space of time and is well positioned to capitalise on the dynamic and growing US recruitment market through its high-quality, specialist service.

“This is a great example of how BGF can support ambitious, high-performing teams to deliver on their plans. We look forward to working with Joe and the team on the next phase of accelerated growth.”

Cowgills advised management on the deal. James Kennedy, partner in the deal’s advisory team, said: “We are delighted to support Metric in securing an investment from BGF. The high-performing team at Metric are great to work with and I wish them every future success as they continue their impressive momentum in the US.”

Other advisors to the agreement were:

Other advisers on the deal to the company and shareholders were Cowgills Corporate Finance (James Kennedy, Brett Marsden, Tom Roberts), Knights (Gavin White, Hannah Jones, Rachel Hatton, Clive Day), Cowgills Tax (Georges Daubney, Jason Gauthier) and Browne Jacobson (Matt Bolton).

Other advisers on the BGF deal were Gateley Legal (Matt Hussey, Sophie Cahalin, Tammi Broad), Claritas Tax (Ses Memhi, Cass Cornforth, Natalie Lee) and Fairgrove Partners (Paddy Woods Ballard, Oli Lestner).