International law firm Olswang has advised the shareholders of Alexander Mann Solutions, including long-standing private equity client, Graphite Capital and the Alexander Mann Solutions management team, on their sale of the international recruitment process outsourcing group to US private equity house New Mountain Capital for £260 million.  The transaction is subject to approval by the European Competition Commission.

Olswang's market leading private equity team has acted for Graphite Capital in a number of transactions over the past 13 years, including the £100 million management buyout of the business led by its founder Rosaleen Blair in December 2007. The transaction was led by Robert W Baird on the corporate finance side, continuing Olswang's close relationship with the renowned transactional advisory firm.

Alexander Mann Solutions is the world's leading provider of talent acquisition and management services. It integrates outsourcing capability and consulting expertise to enable organisations to attract, engage and retain top talent. Working with more than 65 outsourcing clients and consulting to hundreds more, Alexander Mann Solutions acts as a trusted adviser across multiple industry sectors in over 75 countries.

Rosaleen Blair, CEO of Alexander Mann Solutions added: "This is an exciting day for the Alexander Mann Solutions team. New Mountain shares our conviction that human capital defines the ethos, culture and performance of business in the 21st century.  We were delighted to work with the Olswang team who have been our trusted and close advisers since the 2007 buyout and provided robust, commercial advice throughout that time and in particular during this transaction."

Fabrizio Carpanini, Head of Olswang's international Corporate Group comments: "Graphite, as a long established, highly experienced investor supported Alexander Mann Solutions' phenomenal growth and achievements during the last six years. We very much enjoyed working with the team at Alexander Mann Solutions and, with the lead from Robert W Baird, we were able to run and successfully conclude a very competitive sale process within an extremely tight timetable."

The Olswang team was led by Partner Fabrizio Carpanini and Senior Associate Carsten Greve. Senior partner Mike Tilbury and partners Jenny Michelman and Mudassir Khan managed the transaction for Graphite and David Silver and Peter Augar led the Robert W Baird team.