Staffing M&A Funders and Advisors

Global

Market Information and Forecasts

2 September 2020 | Adam Pode, Director of Research (EMEA & APAC) | [email protected] M&A Funders and Advisors Directory | 2 September 2020

Introduction Use this report to identify M&A • This directory provides full records for over 30 companies operating in the M&A space funders and advisors and around the world. Some firms provide services in just one market while others provide understand the nature of their international and cross-border M&A advice and services in up to 40+ countries. They are services listed in alphabetical order, and an index is provided at the rear of this document (page 34). • An additional 115+ firms who have been identified as providing M&A services are also shown (pages 28 to 33). We have tried to make this report as exhaustive as possible, but if there are additional companies you believe should be listed, or if you would like to contribute a “full” entry within this directory, please contact the author, shown below. • This report is designed as a standalone document but can also be read in conjunction with our M&A reports which are available to subscribers of Staffing Industry Analysts’ research services. These included our interactive dashboard of staffing and workforce solutions M&A activity, which details more than 1,300 transactions in the sector. • If you are interested in joining our service or require further information, please contact Tina McGarvey at [email protected]. In addition, you can subscribe free to our Daily News, which reports deals as and when they happen, by clicking here. • Please note that the information included herein is self-reported and then edited for consistency sake by SIA. We cannot vouch for the accuracy of each record, nor should inclusion in this directory be taken to imply any endorsement of the companies’ services. This copy of the report has been completed in February 2020. • If you have any corrections or changes, please contact Adam Pode at [email protected].

Key Contact David O’Brien Company Description Contact Phone Background in fund management and investment banking. Involved in a +44 7968 147 773 significant number of deals within an investment banking environment. Contact Email Since going solo I offer the following services, including – M&A search [email protected] (bespoke, using an internally generated UK database); Strategic advice, including deal-related; Preparation for IPO (what you don’t hear from Web Address your investment bank!) and, Valuation and in combination with a www.aileamconsulting.com partner, sponsored equity research/bespoke marketing reports. Headquarters Manchester, United Kingdom Recent or Notable Deals Deal Type Service • Strategic reports for $100m+ revenue generating staffing companies, Angel Accountant in one case leading to disposals and ultimately the acquisition of the business Cross-Border Consultant x • Successful M&A searches, ranging from $5m NFI upwards Domestic x Corporate Finance x • Currently running a re-financing of a Company’s banking ESOP Investor (VC/PE) requirements IPO x Law Firm • Writing equity research on several companies MNE DCM/ECM • In the process of writing a marketing document for a Company’s re- Recap x M&A Advisory x launch into the US market SME x Staffing Firm

Regions EMEA Manchester, England

APAC

Americas

Key Contact Bret Schoch Company Description Contact Phone Baird is a global investment bank focused on the middle market. +1 312 609 4965 Approximately 400 investment banking professionals in the U.S., Europe Contact Email and Asia provide corporations, entrepreneurs, private equity and venture [email protected] capital firms with in-depth market knowledge and extensive experience in sell side and buy side M&A, debt advisory and equity financing Web Address transactions. www.bairdglobalinvestmentbanking.com Since 2015, Baird has completed almost 580 advisory transactions, Headquarters representing more than $167 billion in transaction value, and nearly 360 Milwaukee, WI financings, raising more than $112 billion. Committed to being a great place to work, Baird ranked No. 16 on Fortune’s 100 Best Companies to Deal Type Service th Work For in 2019 – its 16 consecutive year on the list. Angel Accountant

Cross Border X Consultant Advised Domestic Corporate Finance X • People2.0 on its significant investment from CIP Capital ESOP Investor (VC/PE) • NextGen on its sale to Kelly Services IPO X Law Firm • S.i. Systems on its sale to Quad-C MNE DCM/ECM • Leidos on its sale to ettain group Recap X M&A Advisory X • Alexander Mann Solutions on its sale to OMERS SME X Staffing Firm • ZeroChaos on its sale to Carlyle Regions EMEA X London, Frankfurt APAC X Shanghai, Mumbai, Sydney Americas X Atlanta, Boulder, Boston, Chicago, Denver, Houston, Milwaukee, New York, Portland, Silicon Valley, St. Louis, Tampa, Washington, D.C.

Key Contact James Fieldhouse Company Description Contact Phone BDO Corporate Finance is a global provider of M&A services and +44 7854 278 307 Transactions services to a number of industries with specific expertise Contact Email in the human capital and staffing sector. During 2019 BDO completed [email protected] in excess of 1,500 transactions with a total deal value of $73.2bn, making BDO one of the most active advisers globally. BDO’s focus is Web Address on helping entrepreneurially spirited businesses succeed, which in the www.bdo.co.uk staffing sector means working with companies from $10M to $1BN in Headquarters revenue. By having 2,500 Corporate Finance professionals in 100 London, United Kingdom countries BDO can support staffing companies worldwide with a range of services including full M&A sale support to owners, advice on MBOs Deal Type Service and Private Equity investment, debt re-financing and fund raising, Angel Accountant x acquisitions and buy-side support on transactions including due diligence. Cross-Border x Consultant

Domestic x Corporate Finance x Recent or Notable Deals ESOP Investor (VC/PE) • Sale of a specialist IT recruitment company IPO x Law Firm • Management Buy-Out of a professional services recruitment MNE x DCM/ECM company Recap x M&A Advisory • Reporting Accountant to an AIM listed recruitment group SME x Staffing Firm • Sale of an engineering & infrastructure recruitment company

Regions • Buy-side support in respect of an equity investment into an Executive Search recruitment company EMEA x

APAC x Americas x

Key Contact Thomas Kardos | Ronny Grosman Company Description Contact Phone We are a London-based middle-market M&A and Corporate Finance advisory firm. +44 20 3096 6910 While we do not focus on any one industry sector, we continue to develop an Contact Email extensive track-record within Staffing and HR Solutions, having completed [email protected] transactions for major global as well as middle market and SME players. [email protected] As an owner-managed business, our strength is to execute mandates in any Web Address jurisdiction ourselves with the objective to develop long-term relationships with our http://www.blackwoodcapital.com/ clients by offering impartial advice, unencumbered from external influences. Headquarters Through our offices in London, Frankfurt and Barcelona we have strong coverage London, United Kingdom of the European market and regularly advise on transactions outside of Europe, including CIS, USA, Middle-East and China. Deal Type Service Angel Accountant Advised Cross-Border X Consultant • FiveTen Group on the sale of Marks Sattin to Gi Group, on the sale of Antal Domestic X Corporate Finance X Russia to Antal International and on the sale of E.M.R. to IPE Capital ESOP Investor (VC/PE) • Work Service on the sale of Exact Systems to Management and CVI IPO Law Firm • Gi Group on the acquisition of Grafton Recruitment MNE X DCM/ECM • Atalian on the acquisition of Aetna Integrated Services Recap X M&A Advisory X • Groupe Crit on Sustained Quality’s acquisition of EHD Tech and on the SME X Staffing Firm acquisition of Peoplelink • Adecco on the sale of its Russian and Ukrainian subsidiaries to Lugera and on Regions the acquisition of Avanta EMEA X Offices in London, Frankfurt and Barcelona • Ajilon on the sale of its planning and engineering unit to Byers Engineering Company APAC X

Americas X Extensive experience in US cross-border transactions

Key Contact Satnaam Kaur Virdee Contact Phone +44 207 355 6270 Company Description Contact Email Boxington is an independent corporate finance advisory house, focused [email protected] exclusively on advising mid-market companies across the Business to Business (B2B) services and technologies space internationally, with Web Address particular expertise and track record in recruitment & staffing. www.boxington.com We are a full service advisory house, which allows us to support our clients in Headquarters different ways as their corporate finance and mergers & acquisitions (M&A) London, United Kingdom requirements change over time.

Deal Type Service Recent recruitment & staffing deals include: Angel Accountant • AppsIT (UK based specialist provider of Oracle consultants) on its MBO, Cross-Border x Consultant supported by Collective Capital. Domestic x Corporate Finance x • TRG Logistics (UK based logistics recruitment specialist) on its sale to ESOP Investor (VC/PE) Challenge Group. IPO Law Firm • Sellick Partnership (UK based public sector recruiter) on sale to France MNE DCM/ECM based professional support and business services provider Samsic.

Recap M&A Advisory x • Orion Electrotech (UK based Technical recruiter) on sale to TechnoPro Inc (Japan). SME x Staffing Firm • Boyd & Moore (Japan based executive search business) on acquisition by Regions TechnoPro (Japan). EMEA x UK, Switzerland, Belgium, Germany, France, Sweden. APAC x Japan, Hong Kong, Singapore, Australia Americas x USA, Canada

Key Contact Brad Buttermore Company Description Contact Phone Capital Alliance Corporation (CAC) is a member firm of Oaklins +1 214 638 8280 International, with 800 M&A team members in 40 countries. CA has Contact Email represented hundreds of private business owners in the sale of their [email protected] companies for over 40 years and has a 25 year history in our Human Capital Management segment which serves many staffing verticals, Web Address payroll companies, Professional Employer Organizations (PEOs), www.cadallas.com Consulting companies and other HR related business. Capital Alliance Headquarters and its Oaklins team members offer subject matter experts for every Dallas, TX field of Human Capital related opportunities whether they are selling shareholders, private equity disposals, buyers, investors or Deal Type Service recapitalizations for operators. Angel Accountant

Cross-Border x Consultant x Recent or Notable Deals Domestic x Corporate Finance x • Sale of US commercial staffing operation to private equity backed ESOP Investor (VC/PE) operating company

IPO Law Firm • Sale of Professional Employer Organization as a platform to US Private Equity Fund. MNE DCM/ECM • Managed spin off of US operating unit of European parent company Recap x M&A Advisory x in the technical consulting business. SME Staffing Firm • Sale of US financial and accounting staffing organization to small public staffing company to diversify margins and increase margins. Regions • Managed spin off of change management Consulting organization EMEA from its parent company.

APAC • Sale of Professional Employer Organization to strategic operating buyer to expand geographic and service footprint.

Americas Dallas,TX

Key Contact Bob Balaban, Managing Director Company Description Contact Phone Capstone Headwaters provides world-class M&A Advisory Services to +1 303 792 9400 middle-market business owners and investors pursuing a sale Contact Email transaction. We are experts in generating shareholder wealth, either [email protected] through a full or partial exit. Our reach into both the strategic acquirer and private equity communities is extensive and our industry Web Address relationships are deep. Through the marriage of our transaction www.CapstoneHeadwaters.com execution skills and our sector expertise, we are able to deliver superior Headquarters valuations with enhanced speed to closure and probability of success. Boston, MA Capstone Headwaters also delivers buy-side advisory services to large corporate acquirers, acquisitive middle market businesses and PE- Deal Type Service backed portfolio companies seeking to leverage our industry expertise. Angel Accountant Our M&A bankers often team with our financial advisory services (FAS) Cross-Border X Consultant group to assist acquirers throughout the entire transaction process, including target identification, transaction structuring & negotiation, Domestic X Corporate Finance X business & financial due diligence, quality of earnings review, valuation ESOP X Investor (VC/PE) & fairness opinions, and managing the closing process.

IPO Law Firm

MNE X DCM/ECM Recent or Notable Deals

Recap X M&A Advisory X Capstone Headwaters completed 70 transactions in 2019 (more than one transaction per week!) totalling over $5 Billion in transaction value. SME X Staffing Firm Please visit our website to see specific transaction examples that are relevant to your business. Regions EMEA X London, UK

APAC

Americas X Many US offices and Brazil

Citizens M&A Advisory (fka Bowstring Advisors)

Key Contact Alan Bugler / Dave Phillips / Steve Dyott Company Description Contact Phone Citizens M&A Advisory is a leading middle market investment bank that +1 404 461 4654 supports clients across a focused set of industry sectors. Our bankers thrive on delivering keen market insights that are both strategic and Contact Email thoughtful, while driving extraordinary outcomes for our clients. Our team alan.bugler@ / dave.phillips@ / stephen.dyott@ includes 70+ investment banking professionals across the U.S. who @citizensbank.com have completed 120+ transactions since 2015 totaling approximately Web Address $9B in transaction value. Citizens is one of the fastest growing M&A www.citizenscommercialbanking.com/ma-advisory advisors in the U.S. Citizens M&A Advisory is a member of FINRA and SIPC and is a registered broker‐dealer. Headquarters Providence, RI Advised Deal Type Service • WinterWyman, a leading staffing provider specializing in Technology, Angel Accountant F&A, and Human Resources, in its acquisition by The Planet Group, a Cross Border X Consultant portfolio company of MidOcean Partners.

Domestic X Corporate Finance X • Mondo, a New York City-based professional staffing firm specializing in information technology and digital marketing, in its acquisition by ESOP X Investor (VC/PE) Addison Group, a portfolio company of Odyssey Investment Partners. IPO Law Firm • Vaco, a leading national executive search, consulting, and placement MNE X DCM/ECM X firm in its recapitalization with Quad-C and subsequent recapitalization with Olympus Partners. Recap X M&A Advisory X • Travel Nurse Across America, a leading independent travel nurse SME X Staffing Firm staffing firm, in its recapitalization by Gridiron Capital.

Regions • Talent Rover, global recruitment software powered by the Salesforce platform, in its acquisition by Bullhorn, a provider of software to EMEA X staffing and recruiting organizations. APAC X Americas X

Key Contact Mike Zyborowicz, CPA Company Description Contact Phone Citrin Cooperman is the nation’s largest provider of accounting, tax and +1 215 545 4800 x 4133 consulting services to the staffing industry. With over 40 years of deep Contact Email staffing industry expertise, Citrin Cooperman has earned the trust of more staffing companies of all sizes than any other accounting firm in [email protected] the United States. We work with all types and all sizes of staffing Web Address companies, including contingent and retained search, staffing and www.citrincooperman.com PEO’s throughout America. Headquarters New York, NY Recent or Notable Deals Deal Type Service • PE-backed strategic buyer in 60+ add-on acquisitions of security Angel Accountant X guard companies with revenues ranging from $5M to $300M Cross-Border Consultant X • Owners of a New-England based $100M temporary staffing Domestic X Corporate Finance company on the sale of their business to a strategic buyer ESOP X Investor (VC/PE) • Strategic acquirer in several acquisitions of small and mid-size staffing firms located across the United States IPO Law Firm • Portfolio company of a private equity fund in its acquisition of a MNE DCM/ECM $100M staffing firm Recap M&A Advisory X • Buyer involved in a stock purchase of an IT staffing company with SME X Staffing Firm $13M in revenue • $50M revenue staffing company with offices across the country Regions involved in a capital raise EMEA • Strategic acquirer in its acquisition of an IT recruiting and staffing firm with $14M in revenue in Texas APAC

Americas x California, Connecticut, DC Metro (MD & VA), New York, Pennsylvania, Rhode Island © Crain Communications Inc. All rights reserved. 11 M&A Funders and Advisors Directory | 2 September 2020 Clearsight Advisors

Key Contact Joel Kallett Company Description Contact Phone Clearsight Advisors is an independent merchant banking firm dedicated to +1 703 672 3100 providing world-class M&A and capital raising solutions exclusively to growth- Contact Email oriented Business Services and Technology companies. Clearsight combines [email protected] deep market insights across software, services and data. This market knowledge combined with superior strategic and financial advice allows Clearsight to act as a Web Address catalyst, enabling entrepreneurs, private equity owners and board of directors to https://clearsightadvisors.com/ successfully advance their vision. Clearsight Capital Advisors, Inc., a wholly Headquarters owned subsidiary, is a registered member of FINRA & SIPC. McLean, VA

Deal Type Service Advised Angel Accountant • E-Nor, Inc. on its acquisition by Cardinal Path, a Dentsu Aegis Network Cross Border X Consultant subsidiary

Domestic X Corporate Finance X • West Monroe Partners on the sale of its Managed Services division to M/C Partners ESOP X Investor (VC/PE) X • Intersys Consulting, LLC on its acquisition by ASGN Incorporated (NYSE: IPO Law Firm ASGN) MNE DCM/ECM X • West Monroe Partners on its acquisition of GoKart Labs Recap X M&A Advisory X • Bulldog Solutions on its acquisition by Hero Digital, a CI Capital Partners LLC SME Staffing Firm portfolio company • Navigator Management Partners in its acquisition by Avaap, an NMS Capital Regions portfolio company EMEA X • Vitech Systems Group in partnership with CVC Capital Partners • Putnam Associates in its acquisition by UDG Healthcare plc’s Ashfield APAC X Communications and Advisory business (LON: UDG)

Americas X McLean VA, New York, NY, • Euclid Technology in its acquisition by Fullsteam Dallas TX and Nashville TN

Key Contact Mark Maunsell Company Description Contact Phone Clearwater International (CWI) is an independent corporate finance +44 845 052 0352 house focused on excellent client outcomes. With 250+ employees in Contact Email 17 international offices, the business has completed over 1600+ [email protected] transactions, worth more than €80 billion. All our projects were delivered by specialist industry teams, covering 10 sectors: automotive, business Web Address services, consumer, energy and utilities, financial services, food and www.clearwaterinternational.com beverage, healthcare, industrials and chemicals, real estate and TMT. Headquarters Working alongside directors, shareholders and investors we advise on London, United Kingdom all aspects of corporate finance from mergers and acquisitions (M&A) and company sales through to management buy-outs (MBOs) and Deal Type Service fundraising transactions. Angel Accountant Cross-Border X Consultant Advised Domestic X Corporate Finance X • Chase, a Contract Sales Outsourcing service, on its recapitalisation, ESOP Investor (VC/PE) with investment provided by Vespa Capital

IPO Law Firm • The shareholders on the MBO of Gatenby Sanderson, an interim search and selection company, backed by Primary Capital MNE DCM/ECM • Education recruitment business, Synarbor, on its €26m sale to Recap X X M&A Advisory Sovereign Capital Partners LLP SME X Staffing Firm • Sovereign Capital on its majority investment in Nurse Plus, a homecare services staffing business Regions • The shareholders of Brightwater Recruitment, a professional services EMEA X Denmark, France, Germany, recruiter, on the buyout of the company Ireland, Italy, Portugal, Spain, UK • Social worker recruitment agency, Liquid Personnel, on its sale to APAC China Towerbrook backed ICS Americas

Key Contact Royal J. Brown Company Description Contact Phone De Bellas & Co. is the leading investment bank focused on M&A +1 949.842.7068 advisory services exclusively for the staffing and workforce solutions Contact Email industry. We bring extensive expertise in mergers and acquisitions, [email protected] divestitures, and financial advisory services for our clients. De Bellas has successfully completed over 250 M&A transactions. Web Address www.debellas.com Since 1983, De Bellas & Co. has specialized in serving enterprises whose primary value arises from intangible assets, or human capital. Headquarters Our focus is the middle market, where we provide advice and guidance Irvine, CA based on years of experience with entrepreneurs confronting once-in-a- lifetime decisions. We provide senior-level service and attention on all Deal Type Service transactions, large and small, international and domestic, and both Angel Accountant public and private. Our bankers have relationships with hundreds of Cross-Border X Consultant X strategic and financial buyers—and the ability to identify the most likely and best-suited parties to a transaction. Domestic X Corporate Finance ESOP X Investor (VC/PE) Recent or Notable Deals IPO Law Firm • Advised Legal Process Outsourcing firm in the sale to Private Equity MNE DCM/ECM Group. Recap X M&A Advisory X • Assisted large public company in the divesting of its Legal staffing SME Staffing Firm and outsourcing division. • Advised $80 million revenue commercial staffing firm to large multi Regions discipline staffing firm. EMEA

APAC

Americas X Irvine, CA and Austin, TX

Key Contact John Niehaus Company Description Contact Phone Duff & Phelps’ Staffing M&A team processes deep staffing industry +1 713 986 9307 knowledge while maintaining regular interaction with the key strategic Contact Email buyers in the industry, both domestic and international, as well as the [email protected] most active private equity buyers interested in the staffing sector. Web Address Duff & Phelps is known for having high quality staffing acquisition www.duffandphelps.com opportunities in the marketplace, enabling the firm to elicit robust interest from both financial and strategic buyers. Duff & Phelps’ Staffing M&A Headquarters team will manage a tight, cohesive process that supports strong Houston, TX outcomes for both the shareholders and management teams of its staffing industry clients. Deal Type Service

Angel Accountant Advised Cross Border X Consultant • TechLink in its sale to The Execu|Search Group Domestic X Corporate Finance X ESOP Investor (VC/PE) • The Rowland Group in its sale to System One

IPO Law Firm • Brilliant in its recapitalization transaction with Silver Oak Services Partners MNE DCM/ECM • Maxsys Solutions in its sale to Yoh Recap X M&A Advisory X • Vision Technology Services in its sale to BG Staffing SME Staffing Firm • Hudson Global in the divestiture of its IT staffing business to Mastech Regions Holdings EMEA • Hudson Global in the divestiture of its legal eDiscovery business to DTI

APAC • InStaff in its sale to BG Staffing

Americas X United States

Key Contact Peter Rothschild Company Description Contact Phone East Wind is a New York based boutique investment bank which +1 646-202-1509 provides merger and acquisition services, financing services, and other Contact Email general financial advisory services to the staffing and placement [email protected] industries. The firm is a member of FINRA (Financial Industry Regulatory Authority), SIPC and registered with the Securities and Web Address Exchange Commission (SEC) as a broker-dealer. www.eastwindadvisors.com East Wind provides a full array of corporate financial advisory services Headquarters including: merger and acquisition (M&A), cross border advisory services, New York, NY exchange offers, fairness opinions, leveraged and management buyout advisory services, employee stock ownership plan (ESOP) advisory Deal Type Service services, recapitalization advisory services, restructuring and bankruptcy Angel Accountant advisory services, strategic alliances and takeover defense services. Cross Border X Consultant Financing services include arranging bank debt, mezzanine financing, Domestic X Corporate Finance X private investments in public entities (PIPEs), private placements, public equity and high yield underwriting advisory services and ESOP X Investor (VC/PE) X recapitalisations of all kinds. IPO Law Firm

MNE DCM/ECM Advised Recap M&A Advisory X Not disclosed; The firm has represented staffing industry clients in SME Staffing Firm exclusive sales to strategic and financial buyers as well as in employee stock ownership plan (ESOP) transactions. Regions EMEA

APAC

Americas X

Key Contact Eugenio Micheletti/Martin Padulla Company Description Contact Phone We are a team of consultants specialized in M&A processes in the +54 9341 5596515/ +54 9341 5412405 staffing and outsourcing industry. We have a thorough knowledge of the Contact Email Iberoamerican markets: Latin American + Spain + Portugal. We [email protected] understand its key variables, players, opportunities and challenges. Web Address The expertise in the industry we have acquired for over 20 years has http://www.emergingsb.com/ enabled us to build reliable relationships with relevant actors of the industry in Latin America, Europe, United States and Asia Pacific. We Headquarters work to improve key processes for the seller and to develop the most Buenos Aires, Argentina suitable landing strategy in the region for the buyer. As a result, we achieve the right matching for both parties. Deal Type Service We reward the confidence of our clients by accompanying them Angel X Accountant throughout the whole M&A process. We strongly believe that reliability is Cross Border X Consultant X built by taking into consideration the following values: Integrity, Domestic X Corporate Finance X Professional Ethics, Confidentiality and Results Orientation.

ESOP Investor (VC/PE)

IPO Law Firm

MNE X DCM/ECM Advised

Recap M&A Advisory X • Empresaria plc on People Solimano acquisition, based in Peru.

SME X Staffing Firm • PAE Mexico on Assistem acquisition, based in Argentina. • Human Net Colombia on selling to GI Group. Regions • PAE Peru on ERP solution implementation. EMEA APAC Iberoaméri X Spain, Portugal, Mexico, Brazil, ca Colombia, Argentina, Chile, (Americas, Peru, Ecuador, Uruguay, Spain, Paraguay, Panama, Central Portugal) America.

Key Contact Andy Cowherd Company Description Contact Phone England & Company is an independent investment bank that provides +1 212 235 0855 financial advice on mergers and acquisitions, restructurings, and Contact Email financing transactions to owners, executives, and boards of directors of [email protected] public and private companies. The firm's clients include leading companies in the Healthcare, Energy & Industrial Growth, Financial Web Address Services, and Technology markets. Through its affiliates, the firm has https://www.englandco.com investment banking offices throughout Europe, India and Japan. Offices Houston, New York, Washington DC England Team Members’ Experience Deal Type Service • Former investor in and Board Member of Nursefinders Inc.; led Angel Accountant acquisition, financing and sale transactions

Cross-Border X Consultant • Former investor in Sinclair Montrose Healthcare plc (Match Group plc) Domestic X Corporate Finance X • Advisor to major international staffing company on U.S. healthcare ESOP X Investor (VC/PE) staffing acquisition strategy and potential acquisition targets IPO Law Firm

MNE X DCM/ECM X

Recap X M&A Advisory X

SME X Staffing Firm

Regions EMEA X

APAC X

Americas X

© Crain Communications Inc. All rights reserved. 18 M&A Funders and Advisors Directory | 2 September 2020 Fairmount Partners Key Contact Andrew Brown & Dick Thatcher Contact Phone Company Description +1 610 260-6204 / +1 610-260-6238 Fairmount Partners is an independent mergers and acquisitions advisory firm Contact Email primarily serving professional services, information technology, life sciences [email protected] and healthcare clients. The firm specializes in advising successful, [email protected] entrepreneur-led and private-equity-owned middle-market growth companies with mergers and acquisitions, and assists companies to raise funding for Web Address acquisitions, growth and liquidity. Fairmount combines sector expertise and www.FairmountPartners.com leading market intelligence with an independent, client-focused advisory Headquarters culture. Fairmount has completed more than 225 transactions throughout Philadelphia, PA North and South America, Europe, Asia and Australia. Fairmount Partners is a registered Broker Dealer, member FINRA (www.finra.org) and SIPC Deal Type Service (www.sipc.org). Angel Accountant

Cross-Border X Consultant Advised Domestic X Corporate Finance X • Advised Artech, a top-7 North American IT staffing firm, in their acquisition ESOP Investor (VC/PE) of the Talent & Technology Solutions business unit of CDI Corporation

IPO Law Firm • Advised Ascent, an award-winning professional staffing firm, in its sale to ACS Group (American CyberSystems) MNE X DCM/ECM • Advised ALKU, one of the fastest growing staffing firms in the world, on its Recap X M&A Advisory X recapitalization with WestView Capital Partners SME X Staffing Firm • Advised BioBridges, a specialty life sciences staffing and consulting services provider, in its sale to Adecco (SIX: ADEN) Regions • Advised Redbock, a niche provider of staffing services into the medical EMEA X Extensive experience in device and drug development industries, in its sale to NES Global Talent cross-border transactions • Advised TayganPoint Consulting, a business transformation consultancy to APAC X Fortune 100 biopharmaceutical and medical device, in its sale to Grant Thornton Americas X United States (Headquartered in Philadelphia, PA)

Key Contact Geraint Rowe Company Description Contact Phone Gambit is an independent corporate finance lead advisory firm, providing +44 845 643 5500 services to private and public companies throughout the UK as well as Contact Email internationally, with a focus on the middle market. It has a dedicated [email protected] staffing industry team and whether buy side or sell side, preparing a business for exit, raising investment or sourcing strategic advice on Web Address value maximisation every transaction is partner led. www.gambitcf.com Headquartered in London with offices in Cardiff, Gambit is widely Headquarters recognised as a market leader in M&A advice in the Human Capital London, United Kingdom sector having built up detailed industry knowledge and an enviable track record in deal origination and execution. Deal Type Service

Angel Accountant Advised Cross Border X Consultant • Acorn Recruitment on its sale to Synergie Domestic X Corporate Finance X ESOP Investor (VC/PE) • Acquisition of Recruitment Zone by Outsource (UK)

IPO Law Firm • Staffing 360 Solutions Inc on acquisition strategy and target identification MNE X DCM/ECM • Management buy out of BIE Executive Recap X M&A Advisory X • ACT Training on its sale to Cardiff & Vale College SME X Staffing Firm • ReThink Group on acquisition strategy Regions EMEA X

APAC

Americas

Key Contact Eric Allison Company Description Contact Phone +1 916 588 2459 Golden One Ventures is a Mergers & Acquisitions advisory firm with a demonstrated history in transactions focused solely on the Staffing & Contact Email Recruiting Industry. With an unshakable commitment to creating deals [email protected] that are opportune for all parties involved, Golden One Ventures Web Address provides strategic, tailor-fit solutions for buy-side and sell-side clients. www.goldenoneventures.com Golden One Ventures supports a wide array of clients in the middle Headquarters market including institutional private equity groups, private companies Las Vegas, NV and individual investors. They have supported multiple companies Deal Type Service towards reaching and exceeding business goals.

Angel Accountant

Cross Border X Consultant Advised Domestic X Corporate Finance ESOP Investor (VC/PE) • Healthcare staffing firm Corratel Corp. to nationwide healthcare staffing firm Premier Healthcare Professionals. IPO Law Firm

MNE DCM/ECM • Hospitality and Light Industrial staffing firm KY Hospitality LLC to private equity group Hoosier Investments LLC. Recap M&A Advisory X

SME X Staffing Firm • Light Industrial staffing firm Staff Matters to staffing firm NSC Technologies, backed by private equity firm White Wolf Capital. Regions EMEA X UK

APAC Singapore, Japan, China, Hong Kong, Philippines

Americas X USA, Canada

Key Contact Philp Albright (UK) / Kevin O’Neill (USA) Company Description Contact Phone We are a partner centric firm with offices in London, California and +44 (0)20 8049 2212 +1 619 987 8223 Latam providing advisory services to sellers or buyers in M&A projects Contact Email globally, with specific emphasis and expertise in the human capital and [email protected] / [email protected] human resources technology (HRTech) sectors. The majority (70%) of our engagements result in cross border transactions as can be seen in Web Address further detail in the transactions section of our website. http://goldenhill.international Headquarters London, United Kingdom Advised • Beijing Career International (“CI”), a China based recruitment Deal Type Service solutions provider, in its acquisition of a majority stake of UK Angel Accountant recruitment firm Investigo for approximately £22 million. Cross Border X Consultant • Hays Plc on its U.S. platform acquisition of Veredus, a IT staffing provider in the Southeastern U.S. Domestic X Corporate Finance ESOP Investor (VC/PE) • On Assignment, on Valesta acquision, a privately owned clinical research staffing business in Western Europe IPO Law Firm • Sigmar, an Irish Recruitment firm, in completion of a strategic MNE DCM/ECM partnership with French staffing giant Groupe Adéquat. Recap M&A Advisory X • GECO Deutschland, a German IT Recruitment firm, in the sale of the SME X Staffing Firm company to Yoh. • SearchConsult, a technology executive search firm, in its sale to Regions Allgeier, a German IT services firm. EMEA X United Kingdom • ROC Global Solution Consulting Limited, a human resources technology consulting business, in the sale of the company to Zalaris APAC ASA

Americas X United States, Argentina

Key Contact Rod Hore Company Description Contact Phone Founded in 1999, HHMC Global is an independent advisory group +61 419 401 210 focused exclusively on the Staffing industry. HHMC Global has in depth Contact Email experience and knowledge of the Australian, New Zealand, Asian, UK & [email protected] North American markets, complemented by strong international networks. Web Address www.hhmc.com.au HHMC’s team provide a range of services to assist organizations prepare and manage equity transactions, be they acquisitions, mergers, Headquarters divestments or exits. Services are provided on cross border as well as Sydney, Australia within different international geographies. Deal Type Service HHMC has completed sale or acquisition transactions for clients that include SME’s, private, public and international organizations. Angel Accountant

Cross Border X Consultant X Advised Domestic X Corporate Finance ESOP Investor (VC/PE) • Publicly listed Japanese buyer for Australian based acquisitions.

IPO Law Firm • Global corporate entity on divestment in APAC.

MNE DCM/ECM • IT agency on sale to publicly listed Australian buyer

Recap M&A Advisory X • Group of Canadian agencies on merger.

SME X Staffing Firm • Completed sale of UK owned healthcare agency to Australian private company buyer. Regions • Large-scale Industrial Workforce supplier on international market EMEA X Partner offices divestment targets

APAC X Australia , New Zealand

Americas X Partner offices

Key Contact Thomas Bailey / Andrew Shell Company Description Contact Phone Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise +1 404 495 7056 / +1 404 495 7002 in mergers and acquisitions, capital markets, financial restructuring, Contact Email valuation, and strategic consulting. The firm serves corporations, [email protected] / [email protected] institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia Pacific region. Web Address Independent advice and intellectual rigor are hallmarks of the firm’s www.hl.com commitment to client success across its advisory services. Houlihan Headquarters Lokey is ranked as the No. 1 M&A advisor for all U.S. transactions, the Los Angeles, CA No. 1 global restructuring advisor, and the No. 1 global M&A fairness opinion advisor over the past 20 years, according to Thomson Reuters. Deal Type Service

Angel Accountant Advised Cross-Border X Consultant • Olympia on its sale to Morgan Stanley Tactical Value Investing Domestic X Corporate Finance X • Ettain Group on its sale to A&M Capital Partners ESOP X Investor (VC/PE) • Global Employment Solutions on its sale to Ettain Group IPO Law Firm • Management Recruiters International on its sale to Bert Miller MNE X DCM/ECM X • Ingeus on its sale to Advanced Personnel Management Recap X M&A Advisory X • Eliassen Group on its sale to Stone Point Capital SME X Staffing Firm • The TTS business unit of CDI Corp. on its sale to Artech Regions • TPGS on its sale to System One EMEA X Amsterdam, Dubai, Frankfurt, London, • Motion Recruitment on its sale to Littlejohn & Co. Madrid, Milan, Paris • MedPartners on its sale to AMN Healthcare APAC X Beijing, Hong Kong, Singapore, Sydney, Tokyo • ECS Federal on its sale to ASGN Americas X Atlanta, Chicago, Dallas, Houston, Los Angeles, Miami, Minneapolis, New • FFL Partners on its investment in ProService Hawaii York, San Francisco, Washington, D.C. • CIP Capital on its investment in WilsonHCG © Crain Communications Inc. All rights reserved. 24 M&A Funders and Advisors Directory | 2 September 2020 Mishcon de Reya LLP

Key Contact Nick David Company Description Contact Phone Based in London, Mishcon de Reya services an international +44 20 3321 7435 community of clients and provides advice in situations where the Contact Email constraints of geography often do not apply. The work we undertake is [email protected] cross-border, multi-jurisdictional and complex. Web Address Our clients are dynamic and sophisticated and we reflect that in our https://www.mishcon.com/ belief in challenging the conventional or accepted ways of working. We like to solve problems quickly. We fiercely guard our clients’ interests, Headquarters recognising the significant nexus between business affairs and personal London, United Kingdom affairs and the ways in which this affects our clients. Deal Type Service M&A lies at the heart of our Corporate practice and we have established Angel Accountant a strong reputation for mid-market transactions. We work across a broad range of sectors, advising both public and private companies on Cross-Border X Consultant X matters including company sales and purchases; recommended Domestic X Corporate Finance takeovers; private equity transactions and restructurings. ESOP Investor (VC/PE)

IPO Law Firm X Recent or Notable Deals

MNE DCM/ECM • Advised Somo Japan Nipponkoa Insurance (subsidiary of Sompo Holidings) on the sale of its specialist UK insurance subsidiary Recap M&A Advisory Sompo Canopius SME X Staffing Firm • Advised Capital & Counties Properties on the sale of the Empress State Building for £250 million and the £117 million acquisition of a Regions 50% stake in the Empress State office building at Earls Court. EMEA • Advised Chess Technologies on the disposal to Cohort plc for £41.9 million. APAC • Advised Ion Investment Group on the takeover of Fidessa PLC for £1.5 billion. Americas

Key Contact Steve Nunn Company Description Contact Phone +1 954 300 1973 The experts in Post Merger Integration engagements for small and mid- size businesses. We develop the plan from the strategy, working with Contact Email the managers who will do the actual work in bringing the systems, [email protected] processes, people and cultures of the businesses together. The end Web Address product is a custom program of projects to be executed. www.nunnbetterconsulting.com

Headquarters Recent or Notable Deals Weston, FL • Matrix Medical Network acquisition of HealthFair. Nunn Better Deal Type Service Consulting was hired to oversee the integration merger of the two separate IT departments into a single department. Major themes Angel Accountant were technology consolidation, process improvement, call center Cross-Border Consultant (Post x technology implementation. Business culture differences between the Merger Integration) businesses were identified and addressed through mentoring and Domestic x Corporate Finance coaching. ESOP Investor (VC/PE) • Boral USA acquisition of Headwaters. Nunn Better Consulting was IPO Law Firm hired to co-lead the integration set up, which took place during the federal approval period. When the deal received approval, the entire MNE DCM/ECM collection of 12 functional groups were empowered to begin their Recap M&A Advisory integrations on schedule.

SME Staffing Firm

Regions EMEA APAC Americas USA

Key Contact Paul Pincus Company Description Contact Phone +1 212 588 0022 Ortoli Rosenstadt LLP is a boutique 14-lawyer corporate and international law firm based in New York City that is one of the Contact Email preeminent law firms in the country in representing staffing firms [email protected] particularly in M&A transactions. Web Address Paul Pincus, who heads the firm’s private company Mergers & www.orllp.legal Acquisitions and Staffing practices, has over 35 years experience Headquarters representing firms, and doing deals, in all sectors of the staffing New York, NY industry. Paul and his team have completed over 80 deals in the staffing industry, Deal Type Service ranging in size from under $10 Million in enterprise value to over $100 Million in enterprise value. The firm has represented digital staffing Angel Accountant platforms, IT staffing and solutions firms, legal staffing firms, accounting Cross-Border X Consultant and finance staffing firms, commercial staffing firms, light industrial Domestic X Corporate Finance staffing firms, home healthcare staffing firms, and executive recruiting firms, in complex domestic and cross-border purchases, sales, mergers, ESOP Investor (VC/PE) recapitalizations, management buy-outs, and integrations of acquired IPO X Law Firm X businesses.

MNE x DCM/ECM

Recap X M&A Advisory Recent or Notable Deals SME x Staffing Firm • Represented one of the largest multinational staffing firms in several acquisitions during the build-out of its U.S. operations. Regions • Represented $150M staffing firm in the sale of its commercial staffing EMEA Physical Offices and home heath care operations. • Represented numerous IT staffing and solutions firms in their sales to APAC national and multinational staffing firms. • Represented numerous staffing firms (commercial staffing, Americas X New York, NY accounting and finance, and IT staffing) in their recapitalizations by private equity firms.

Key Contact Matt Rupprecht Company Description Contact Phone PMCF is an award-winning middle market investment bank providing +1 248 603 5210 merger and acquisition advisory services to companies in North Contact Email America, Europe, and Asia. PMCF provides a broad range of services [email protected] including sale advisory, acquisition advisory, capital raising, and strategic advisory. The firm has dedicated industry teams providing Web Address services to the plastics and packaging, medical technology, industrials, http://www.pmcf.com/ and business services industries. PMCF has dedicated resources Headquarters serving the staffing and human capital management (HCM) industry. Detroit, MI PMCF has offices in Chicago, Denver, and Detroit and around the globe via its Corporate Finance International associates. Deal Type Service

Angel Accountant Advised Cross Border X Consultant • Aurico in its sale to CareerBuilder Domestic X Corporate Finance • West Educational Leasing (d/b/a PMCI and Willsub) in its successful ESOP Investor (VC/PE) sale to Educational Staffing Solutions / Source 4 Teachers (a portfolio IPO Law Firm company of Nautic Partners)

MNE X DCM/ECM

Recap X M&A Advisory X

SME X Staffing Firm

Regions EMEA

APAC

Americas X Chicago, Detroit, Denver

Key Contact Sam Sacco Company Description Contact Phone Sam Sacco and Brian Kennedy combine more than 74 years of +1 910 769 4057 expertise in staffing and in mergers and acquisitions to help you buy, Contact Email sell, value, or merge your business. The company has orchestrated [email protected] more than 175 successful staffing industry transactions, finding the best cultural fit and business value for clients. Primarily represent sellers in Web Address Canada and USA looking to sell all types of staffing companies from www.racohenconsulting.com $10M to over $150M in revenue. The company has recently closed three Headquarters transactions and currently have several companies under contract for Wilmington, NC sale in the market with one under letter of intent (LOI) and two ready to go under LOI. Deal Type Service

Angel Accountant Advised Cross Border X Consultant X • Owner of a $130M light industrial staffing company on the sale of his Domestic X Corporate Finance business to a European staffing company. ESOP Investor (VC/PE) • Owner of a multiple discipline staffing company with over $20M in IPO Law Firm revenue in an all-cash sale of the assets of the company.

MNE DCM/ECM • Multiple IT staffing companies on the sale of their companies.

Recap M&A Advisory X • Seller paid fee companies from $5M to $200M in revenue in all segments of staffing. SME Staffing Firm

Regions EMEA

APAC

Americas X Wilmington, NC and Toronto Canada

Key Contact Avinash Patel Company Description Contact Phone RBC is a top 10 Investment Bank headquartered in Toronto, Canada +1 212 905 2944 with US Headquarters in New York, New York. RBC is a $115bn market Contact Email capitalized bank with over $35bn in revenue and $1.09T in assets. RBC [email protected] is a global investment bank providing M&A advisory and Financing to a number of Technology & Business services firms globally. Web Address www.rbc.com Avinash Patel is a Managing Director within the Technology Investment Banking Group at RBC Capital Markets. He is the Head of Technology Headquarters (US) & Business Services for RBC Capital Markets and coordinates the New York, NY Firm’s activities in the sector globally. Deal Type Service Prior to RBC, Avinash was a Managing Director at J.P. Morgan (’13 – ’18), where he was a Technology Banker covering clients within the Angel Accountant services & software sector within the greater Mid-Atlantic region. Prior to Cross Border X Consultant J.P. Morgan, Avinash was a Managing Director within the Technology Domestic X Corporate Finance X Investment Banking Group at Barclays Capital, where he focused on the Enterprise & Information Services Sectors and also had a leadership ESOP Investor (VC/PE) role in the Group’s coverage of the broader Private Equity and Venture IPO X Law Firm Capital community. He had also spent ’99 – ’07 with J.P. Morgan in the Technology Investment Banking Group covering technology clients in MNE DCM/ECM X San Francisco and New York. Recap X M&A Advisory X

SME Staffing Firm Advised

Regions • Sale of Medicus healthcare solutions to Beecken Petty O’Keefe EMEA X • Financing of StonePoint’s acquisition of Eliassen • $240mm ABL debt financing for EmployBridge APAC X • $87mm Dividend debt financing Insight Global

Americas X

Key Contact Company Description Robert Dunnett Rothschild & Co’s Global Advisory business designs and executes Contact Phone strategic M&A and financing solutions. We combine the breadth of its +44 207 280 5000 advisory offering with a high volume of transactions to achieve a unique Contact Email understanding and perspective into markets and participants worldwide. [email protected] We provide impartial, expert advice to large and mid-sized corporations, Web Address private equity, families and entrepreneurs, and governments through an http://www.rothschildandco.com/ unrivalled network of 1,000 industry and financing specialists in over 40 countries worldwide. Headquarters London, UK We have completed a wide variety of advisory mandates across the HCM sector and consistently been one of the most active advisers in the Deal Type Service sector for a number of years. The scope of our typically cross-border Angel Accountant mandates has covered generalist and niche suppliers in addition to businesses operating in wider HR services areas such as RPO and Cross Border X Consultant MSP. Domestic X Corporate Finance X ESOP Investor (VC/PE) Advised IPO X Law Firm • Livingbridge on the sale of Frank Recruitment Group (UK) to TPG MNE X DCM/ECM X Growth (US) Recap X M&A Advisory X • Phaidon International (UK) on its sale to Quilvest Private Equity (US) SME Staffing Firm • OMERS Private Equity (CAN) on the acquisition of Alexander Mann Solutions (UK) Regions

EMEA Belgium, France, Germany, Greece, Israel, Italy, • Ausy (FR) on the friendly cash tender offer by Randstad (FR) Luxembourg, Poland, Portugal, Qatar, Russia, South Africa, Spain, Sweden, Switzerland, The • K2 Partnering Solutions (UK) on the minority investment by Inflexion Netherlands, Turkey, UAE, UK Partners (UK) APAC Australia, New Zealand, China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, • Tradesmen International (US) on its sale to Wellspring Capital (US) South Korea, Vietnam • Harvey Nash (UK) on the recommended cash offer by DBAY Advisors Americas USA, Canada, Brazil, Chile, Mexico (UK)

Key Contact Company Description Paul Masters Sovereign Private is an award winning Chartered Accounting firm Contact Phone specializing in the staffing and recruiting industry. The firm provides +61 2 9227 9000 corporate finance services, accounting services and taxation advice to Contact Email the recruitment industry in Australia, New Zealand, Japan and Asia. Our [email protected] depth of knowledge has been gain from over 20 experience of advising Web Address the industry. www.sovereignprivate.com.au M&A sell side transaction are the firms specialty and we have Headquarters established a strong reputation as the adviser of choice to the Sydney, Australia recruitment industry in Australia. We provide both advisory services and transaction support. Deal Type Service Our firm also provides advisory services in respect of buy-outs, Angel Accountant X demergers and ESOPs. .

Cross Border X Consultant X

Domestic X Corporate Finance X Advised ESOP X Investor (VC/PE) • Aurec Group on its sale to Randstad NV

IPO X Law Firm • Peoplebank on its sale to Recruit, Inc MNE DCM/ECM • Bluefin and Marbel Group on their sales to Outsourcing, Inc Recap M&A Advisory X • Ensure Recruitment on its demerge from Rubicor Group SME X Staffing Firm • Management buyouts for Capstone Group, Constructive Recruitment and Staff Australia Regions • ESOP for over 20 Australia private recruitment companies EMEA

APAC Australia, New Zealand, Japan and Asia

Americas

Key Contact Joel A. Klarreich Company Description Contact Phone With over four decades of experience advising businesses, Tannenbaum +1 212 508 6747 Helpern corporate attorneys know the importance of understanding the company’s business goals and industry factors and their impact on each Contact Email transaction. [email protected] Tannenbaum Helpern represents staffing firms in mergers, acquisitions, joint Web Address ventures, license agreements, public offerings, private placements, http://www.thsh.com recapitalizations, venture capital, lending transactions as well as business Headquarters formation, corporate and partnership structures, operating agreements, New York, NY contract negotiations and a wide range of corporate matters. We have completed over 100 deals in the staffing industry and have the experience to Deal Type Service represent any staffing firm in a manner designed to maximize deal value and Angel X Accountant reduce post closing issues.

Cross-Border X Consultant

Domestic X Corporate Finance Recent or Notable Deals

ESOP Investor (VC/PE) • Represented a holding company and its majority-owned subsidiaries operating staffing and placement businesses in numerous locations in the IPO X Law Firm X reorganization and sale of a controlling interest to a family office and its co- MNE X DCM/ECM investors Recap X M&A Advisory • Represented a specialty temporary staffing business in the $70 million sale SME X Staffing Firm of the company • Represented a listed staffing, home healthcare and direct-hire company in a Regions cash for stock sale and merger with a privately-held staffing company EMEA • Represented a national conglomerate of 12 permanent and temporary placement firms in its sale to a strategic buyer APAC • Represented a local specialty temporary and direct-hire firm in a cross- border sale to an international buyer Americas X United States

the1

Key Contact Mark Dixon Company Description Contact Phone the1 is the leading international human capital M&A advisor with more +1 212 517 1850 (NY), +44 207 556 1090 (London) than 85 deals completed in over 25 countries. Founded 20 years ago, Contact Email the firm expanded abroad in 2010 and now has offices in the UK, [email protected] Europe, China in addition to the US. Web Address We work on the sell side or buy side, in each case advocating the www.the1.com interests of client to deliver ‘the1’ optimal transaction in the market Headquarters (US) globally. We deliver the optimal deal by overlaying price, strategy and New York, NY psychology/culture on all counterparty opportunities. A sell side advisor not covering international buyers loses the chance to maximize the price Deal Type Service choice and auction dynamics to favor its clients, hence our international expansion 10 years ago. Angel Accountant the1 publishes white papers such as Disruption in Staffing, Valuation Cross-Border X Consultant X Approximator to be on top of market trends, valuations and cross-border Domestic X Corporate Finance X opportunities. ESOP Investor (VC/PE) IPO Law Firm X Advised MNE DCM/ECM • On the sell side, on 24 sales of human capital businesses in the US, Recap X M&A Advisory X the UK and other countries.

SME Staffing Firm • 6 IT staffing businesses sales • 7 Sales for owners of professional staffing, 4 RPOs and 9 executive Regions search firms EMEA X London • On the buy side, 54 deals in 17 countries • Assisted 8 buyers in making between 2 and 16 deals each over APAC X multiple years

Americas X New York

Key Contact Patrick Morin Company Description Contact Phone Transact Capital has specialized in the staffing industry since 2014 and (804) 612-7103 has represented numerous staffing business owners across all staffing organizations, including IT, light industrial, clerical, technical, health Contact Email care staffing and PEOs throughout the U.S. We are connected in the [email protected] staffing industry with a vast network of U.S. and international buyers as Web Address well as being members of SIA, ASA, NISA, and numerous regional www.transactcapital.com staffing organizations. Headquarters Richmond, VA Recent or Notable Deals Deal Type Service • Reliance Staffing & Recruitment acquired by PeopleShare, a portfolio Angel Accountant company of Trivest Private Equity

Cross-Border X Consultant X • Valent Mordan has been Acquired by ThinkingAhead

Domestic X Corporate Finance X • R121 Staffing has been acquired by Planet Forward, a portfolio company of Mid Ocean ESOP Investor (VC/PE) • Electrical Staffing has been acquired by Industrial Skilled Trades IPO Law Firm • Adams & Garth has been acquired by Qualified Staffing MNE DCM/ECM • Premier Staffing has been acquired by BelFlex Staffing Network Recap X M&A Advisory X • Maslow Media Group has been acquired by Lionshead Enterprises SME Staffing Firm

Regions EMEA

APAC

Americas X Offices in Richmond, Orlando, Chicago, and Lexington

Key Contact Jeffrey Duclow – Loan Originations Company Description Contact Phone Wells Fargo Staffing Services Group provides staffing companies with +1 972 361 7267 receivables-based credit facilities to support growth. We believe in the importance of industry expertise and the resources of one of the largest Contact Email US banks makes Wells Fargo a great fit for growing staffing companies. [email protected] Web Address www.wellsfargo.com Recent or Notable Deals Headquarters • $25,000,000 Credit Facility for Light Industrial Staffing Company San Francisco, CA • $60,000,000 Credit Facility for Oil & Gas Staffing Company Deal Type Service • $10,000,000 Credit Facility for Light Industrial Staffing Company Angel Accountant • $ 7,500,000 Credit Facility for Healthcare Staffing Company Cross-Border Consultant • $15,000,000 Credit Facility for Technology Staffing Company Domestic X Corporate Finance X ESOP Investor (VC/PE)

IPO Law Firm

MNE DCM/ECM

Recap M&A Advisory

SME Staffing Firm

Regions EMEA

APAC

Americas X United States

Key Contact Jonathan Hunnicutt Company Description Contact Phone WestView Capital Partners is a private equity firm focused exclusively on +1 617 261 2055 partnering with managers of middle market companies. Our dedicated Contact Email pool of investment capital is comprised of committed capital from [email protected] pension funds, endowments, financial institutions, insurance companies, family offices and former executives whom we have partnered with over Web Address the years. www.wvcapital.com With approximately $1.7 billion under management, we provide equity Headquarters capital for minority and majority recapitalization, growth/acquisition Boston, MA financings and management buyout transactions. Since 1990, the principals of WestView have invested in, and partnered with, Deal Type Service management teams of over 90 companies, working side by side with Angel Accountant management to help them achieve the strategic and financial objectives Cross Border Consultant of their businesses.

Domestic X Corporate Finance ESOP Investor (VC/PE) X Funded IPO Law Firm • Recapitalization of ALKU MNE X DCM/ECM • Acquisition of Holland Square Group Recap X M&A Advisory • Growth investment in Unified Patents SME X Staffing Firm • Growth investment in Collaborative Solutions Regions • Growth investment in Shelby Group EMEA • Recapitalization of Snow Companies APAC • Recapitalization of Mintz Group

Americas X USA

Key Contact Ed Manthey Company Description Contact Phone WMA Healthcare Partners provides merger and acquisition services to +1 678 333 4059 healthcare services companies. Our company’s principals are prior Contact Email owners and operators of healthcare firms with a combined experience of [email protected] over 30 years in the industry. We understand how important it is to get objective, quality advice when buying or selling a company Web Address www.wmapartners.com Headquarters Advised Atlanta, GA • Completed over thirty (30) sell side transactions. Deal Type Service

Angel Accountant

Cross Border Consultant

Domestic X Corporate Finance ESOP Investor (VC/PE)

IPO Law Firm

MNE DCM/ECM

Recap M&A Advisory X

SME Staffing Firm

Regions EMEA

APAC

Americas X USA

Other M&A Providers

Company HQ Country Service Website AAFP Accounting & Finance Chandler, AZ USA Investment/M&A www.aafa.com ABN Amro Amsterdam Netherlands Investment/M&A www.abnamro.com AGR Financial Edison, NJ USA Investment/M&A www.agrfinancial.com AIB Commercial Finance Dublin Ireland Investment/M&A https://group.aib.ie/ American National Bank Oakland Park, FL USA Investment/M&A www.americannationalbank.com American Securities New York, NY USA Investment/M&A www.american-securities.com Anchorage Capital Group New York, NY USA Investment/M&A www.anchoragecap.com Apax Partners New York, NY USA Investment/M&A www.apax.com Auris Finance Oyon France Investment/M&A www.auris-finance.fr Avondale Partners Nashville, TN USA Investment/M&A www.avondalepartnersllc.com Bain Capital Boston. MA USA Investment/M&A www.baincapital.com Barclays London UK Investment/M&A www.barclayscorporate.com BDO Corporate Finance London UK Investment/M&A www.bdo.co.uk Becker New York, NY USA Legal Advisors www.becker.legal Bibby Staffing Finance Banbury UK Investment/M&A www.bibbyfinancialservices.com Blackwood Capital Group London UK Investment/M&A www.blackwoodcapital.com BMO Capital Markets Toronto Canada Investment/M&A www.bmocm.com BNP Paribas Personal Finance Sa Paris France Investment/M&A www.bnpparibas-pf.com/en Boxington Corporate Finance London UK Investment/M&A www.boxington.co.uk Braeburn Advisors Illinois, IL USA Investment/M&A www.braeburnadvisor.com

Other M&A Providers (continued)

Company HQ Country Service Website Brown Brother Harriman Corp Finance New York, NY USA Investment/M&A www.bbh.com BTG Mumbai India Legal Advisors www.btg-legal.com Capital Alliance Corporation Dallas, TX USA Investment/M&A www.cadallas.com Capital Alliance Corporation Dallas, TX USA Investment/M&A www.cadallas.com Catalyst Corporate Finance London UK Investment/M&A www.catalystcf.co.uk Captstone Headwaters Boston, MA USA Investment/M&A www.capstoneheadwaters.com Chartswood Group Bristol UK Investment/M&A www.chartswoodgroup.com Chartwell Business Advisors Jasper, CA USA Investment/M&A www.chartwellbiz.com CIT Group Pasadena, TX USA Investment/M&A www.cit.com Citrin Cooperman New York, NY USA Investment/M&A www.citrincooperman.com Clearwater International Birmingham UK Investment/M&A www.clearwaterinternational.com CLSA Securities Japan Tokyo Japan Investment/M&A www.clsa.com Commercial Finance Group Atlanta, GA USA Investment/M&A www.cfgroup.net Credit Suisse Zurich Switzerland Investment/M&A www.credit-suisse.com Crestmark Troy, MI USA Investment/M&A www.crestmark.com/ Daiwa Securities Tokyo Japan Investment/M&A www.daiwa-grp.jp Deloitte New York, NY USA Investment/M&A www2.deloitte.com Deutsche Bank Frankfurt Germany Investment/M&A www.db.com DW Healthcare Partners Toronto Canada Investment/M&A www.dwhp.com Epps & Coulson Los Angeles, CA USA Legal Advisors www.eppscoulson.com

Other M&A Providers (continued)

Company HQ Country Service Website Ernst & Young Corporate Finance Inc London UK Investment/M&A www.ey.com Fairmont Consulting Group Boston, MA USA Investment/M&A www.fairmontcg.com Finvista Hyderabad India Investment/M&A www.finvista.com Foley & Lardner Milwaukee, WI USA Legal Advisors www.foley.com Gateley Birmingham UK Legal Advisors www.gateleyplc.com Goldman Sachs New York, NY USA Investment/M&A www.goldmansachs.com Grant Thornton Milton Keynes UK Investment/M&A www.grantthornton.co.uk Haitong International Japninvest Tokyo Japan Investment/M&A www.equities.htisec.com Hamilton Bradshaw London UK Investment/M&A www.hamiltonbradshaw.com Hammond Law Group Cincinnati, OH USA Legal Advisors www.hammondlawgroup.com Harris Wiliams & Co. Richmond, VA USA Investment/M&A www.harriswilliams.com HgCapital London UK Investment/M&A www.hgcapital.com HSBC London UK Investment/M&A www.hsbc.co.uk IDB Bank New York, NY USA Investment/M&A www.idbny.com Insight Venture Management New York, NY USA Investment/M&A www.insightpartners.com Intermonte Milan Italy Investment/M&A www.intermonte.it/en-gb/ Intro Protect London UK Legal Advisors www.introprotect.com Jefferies New York, NY USA Investment/M&A www.jefferies.com JPMorgan Chase & Co New York, NY USA Investment/M&A www.jpmorgan.com

Other M&A Providers (continued)

Company HQ Country Service Website Keensight Capital Paris France Investment/M&A www.keensightcapital.com Kepler Cheuvreux Paris France Investment/M&A www.keplercheuvreux.com Law Speed London UK Legal Advisors www.lawspeed.com LEK Consulting Boston, MA USA Investment/M&A www.lek.com/ Lewis Silkin LLP London UK Legal Advisors www.lewissilkin.com Littlejohn & Co. Greenwich, CT USA Investment/M&A www.littlejohnllc.com Littler Philadelphia, PN USA Legal Advisors www.littler.com Lloyds TSB London UK Investment/M&A www.lloydsbank.com Lyons Solutions Chicago, IL USA Investment/M&A www.lyonssolutions.com Macquarie Capital Group Sydney Australia Investment/M&A www.macquarie.com Marquette Commercial Finance Bloomington, IN USA Investment/M&A www.marquette.com MBCF Corporate Finance Amsterdam Netherlands Investment/M&A www.mbcf.nl/en Michael Best & Friedrich Milwaukee, WI USA Legal Advisors www.michaelbest.com MergeQuest Lynnfield, MA USA Investment/M&A www.mergequest.com Mirabaud Securities Geneva Switzerland Investment/M&A www.mirabaud.com Mishcon de Reya LLP London UK Legal Advisors www.mishcon.com Mito Securities Tokyo Japan Investment/M&A www.mito.co.jp Mizuho Secutrities Tokyo Japan Investment/M&A www.mizuho-sc.com Morningstar Chicago, IL USA Investment/M&A www.morningstar.com National Creative Strategies New York, NY USA Investment/M&A www.nationalcreativestrategies.com

Other M&A Providers (continued)

Company HQ Country Service Website Navigant Capital Advisors Chicago, IL USA Investment/M&A www.navigant.com Nomura Securieties Tokyo Japan Investment/M&A www.nomuraholdings.com Northcoast Research Cleveland, OH USA Investment/M&A www.northcoastresearch.com ODDO BHF Paris France Investment/M&A www.oddo-bhf.com Ortoli Rosenstadt New York, NY USA Legal Advisors www.ortolirosenstadt.com Paragon Financial Ft Lauderdale, FL USA Investment/M&A www.paragonfinancial.net Provident Healthcare Partners Boston, MA USA Investment/M&A www.providenthp.com Rajah & Tann Singapore Singapore Legal Advisors www.rajahtannasia.com RBC Capital Markets New York, NY USA Investment/M&A www.rbccm.com RBC Capital Markets Toronto Canada Investment/M&A www.rbccm.com ReardonStaffLaw Houston, TX USA Legal Advisors www.reardonstafflaw.com Redburn San Francisco, CA USA Investment/M&A www.redburn.com Robert W. Baird & Co. Milwaukee, WI USA Investment/M&A www.rwbaird.com Royal Bank of Canada Montreal Canada Investment/M&A www.rbcroyalbank.com Scottish Pacific Sydney Australia Investment/M&A www.scottishpacific.com Seneca Coporate Finance Nürnberg Germany Investment/M&A www.seneca-cf.de SMBC Nikko Securities Tokyo Japan Investment/M&A www.smbcnikko.co.jp/en Southern Bank Company Gadsden, AL USA Investment/M&A www.sobanco.com Squire Patton Boggs Cleveland, OH USA Legal Advisors www.squirepattonboggs.com Staffing Latin America Buenos Aires Argentina Investment/M&A www.staffingamericalatina.com/en

Other M&A Providers (continued)

Company HQ Country Service Website Stifel, Nicolaus & Co. New York, NY USA Investment/M&A www.stifel.com Stonebridge Wealth Group London UK Investment/M&A www.stonebridgewealth.co.uk SunTrust Robinson Humphrey Atlanta, GA USA Investment/M&A www.suntrustrh.com Tannenbaum Helpern New York, NY USA Legal Advisors www.thsh.com Taylor Wessing Düsseldorf Germany Legal Advisors http://www.deutschland.taylorwessing.com The Tachibana Securities Tokyo Japan Investment/M&A tachibana-sec.jp Thornblade Capital Greenville USA Investment/M&A www.thornbladecap.com Tristan Ramus London UK Investment/M&A www.tristanramus.com UBS Basel Switzerland Investment/M&A www.ubs.com UHY Hacker Young London UK Investment/M&A www.uhy-uk.com Vontobel Zurich Switzerland Investment/M&A www.vontobel.com Wells Fargo Capital Finance San Francisco, CA USA Investment/M&A www.wellsfargocapitalfinance.com White Oak Commercial Finance San Francisco, CA USA Investment/M&A www.whiteoaksf.com William Blair Chicago UK Investment/M&A www.williamblair.com WMA Healthcare Partners Atlanta, GA USA Investment/M&A http://wmapartners.com Woodbridge International New Haven, CT USA Investment/M&A http://woodbridgegrp.com/ Wyvern London UK Investment/M&A www.wyvernpartners.com Zürcher Kantonalbank Zurich Switzerland Investment/M&A www.zkb.ch

Index for Directory Entries

Company Page Company Page Company Page Aileam Consulting 3 Duff & Phelps 15 Ortoli Rosenstadt LLP 27 Baird 4 East Wind 16 P&M Corporate Finance 28 BDO Corporate Finance 5 Emerging Staffing Brokers 17 R.A.Cohen Consulting 29 Blackwood Capital 6 England & Company 18 RBC Capital Markets 30 Boxington Corporate Finance 7 Fairmount Partners 19 Rothschild & Co 31 Capital Alliance 8 Gambit Corporate Finance 20 Sovereign Private 32 Capstone Headwaters 9 Golden One Ventures 21 THS&H 33 Citizens M&A Advisory 10 Goldenhill International 22 the1 34 Citrin Cooperman 11 HHMC Global 23 Transact Capital Partners 35 Clearsight Advisors 12 Houlihan Lokey 24 Wells Fargo 36 Clearwater International 13 Mishcon de Reya LLP 25 WestView 37 De Bellas & Co 14 Nunn Better Consulting 26 WMA Partners 38

M&A Funders & Advisors Directory | 12 November, 2018

About SIA

Founded in 1989, SIA is the global advisor on staffing and workforce solutions. Our proprietary research covers all categories of employed and non employed work including temporary staffing, independent contracting and other types of contingent labour.

SIA’s independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing and online work services. We also provide training and accreditation with our unique Certified Contingent Workforce Professional (CCWP) program.

Known for our award winning content, data, support tools, publications, executive conferences and events, we help both suppliers and buyers of workforce solutions make better informed decisions that improve business results and minimize risk. As a division of the international business media company, Crain Communications Inc., SIA is headquartered in Mountain View, California, with offices in London, England.

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PROPRIETARY DATA, DO NOT DISTRIBUTE OUTSIDE YOUR ORGANIZATION. Your company’s use of this report precludes distribution of its contents, in whole or in part, to other companies or individuals outside your organization in any form – electronic, written or verbal – without the express written permission of Staffing Industry Analysts. It is your organization’s responsibility to maintain and protect the confidentiality of this report.

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