Tue, 15 Apr 2025 | BUSINESS SALE
Cheshire-headquartered recruitment agency Gap Personnel has been bought by Rcapital in a corporate carve-out, backed by a £23.5 million facility from Secure Trust Bank Commercial Finance (STB CF).
Established in 1997, GAP Personnel is an award-winning recruitment agency specialising in the industrial, professional, technical, and healthcare sectors. Generating approximately £200 million in annual revenue, the business has built a strong reputation for delivering high-quality recruitment services across the UK.
Rcapital has now acquired BeNEXT, the parent company of Gap Personnel, from Open Up Group Inc. Gap Personnel was purchased by Japanese-based Open Up Group in 2020, but due to a strategic decision was deemed no longer core by Open Up Group Inc.
To fund the acquisition and refinance existing debt, Rcapital secured a £23.5 million facility from STB CF. The funding will also support Gap Personnel’s continued growth, supporting it as it invests in its IT infrastructure, which will drive greater efficiencies within the business.
As a leading special situations investor to the UK’s mid-market, the acquisition marks Rcapital’s fifth corporate carve-out in the past 24 months.
Mark Roberts, Managing Director at Gap Personnel, said: “This acquisition marks an exciting new chapter for Gap Personnel. With this support, we are set to accelerate our growth plans and enhance our service offering by investing in new technology. I’m excited to continue delivering industry-leading services to the recruitment sector under the Rcapital portfolio.”
Lewis Burnham, investment director at Rcapital, said: “We have a strong focus on corporate carve-out transactions, helping businesses unlock untapped potential. This acquisition will help Gap Personnel grow and thrive with the support of a hands-on investor. The funding from STB will help us provide the business with the flexibility and resources it needs to expand its market-leading recruitment services. The hands-on support we got from the STB team was amazing and we would look to work with them again in future as we explore bolt-on acquisitions in the recruitment sector.”
Find out more about private equity and M&A
An exciting opportunity has arisen to acquire the business and assets of a renowned British shoe manufacturer with a rich heritage.
An opportunity to acquire a fully equipped joinery design business, specialising in the retail and healthcare sectors, as well as office refurbishments.
A unique opportunity to acquire a renowned ladies' clothing brand with a strong London presence is now available.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.