Macfarlanes has advised leading mid-market private equity specialists Graphite Capital on its backing of the management buy-out of recruitment company Human Capital investment Group (HCIG).

Graphite has acquired a majority stake in HCIG, with debt funding being provided by HSBC and RBS.  The senior management team is reinvesting a substantial part of its sales proceeds and will continue to run the business.

The Macfarlanes team was led by head of M&A, Ian Martin, corporate partner Emmie Jones and head of banking, Bronwen Jones. Ian Martin commented: “It remains a very busy and competitive market at the moment and we are delighted to assist Graphite in securing such an attractive investment opportunity.”