Change Recruitment Group, Scotland's leading independent recruitment consultancy have completed an MBO backed by NBGI Private Equity ("NBGI PE"), the small to mid-market buyout specialist, with advice from Baker Tilly, one of the UK's leading business advisory firms. Debt has been provided by Clydesdale Bank, a member of the National Australia Bank Group. The highly experienced and dynamic management team is led by Suzanne Ramsay and includes Colette Hartie, Laura Drysdale, Allan Dickson and Owe

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Change Recruitment Group, Scotland's leading independent recruitment consultancy have completed an MBO backed by NBGI Private Equity ("NBGI PE"), the small to mid-market buyout specialist, with advice from Baker Tilly, one of the UK's leading business advisory firms. Debt has been provided by Clydesdale Bank, a member of the National Australia Bank Group. The highly experienced and dynamic management team is led by Suzanne Ramsay and includes Colette Hartie, Laura Drysdale, Allan Dickson and Owen Shearer.

Change Recruitment Group, through its divisions Change CRS, The Resource Group, Change Solutions and Change International, covers a broad spectrum of the recruitment market from offices in Glasgow and Edinburgh. The business was founded in 1970, as Douglas Llambias Associates before rebranding to Change in 2000, and has built a strong reputation over the years among clients and candidates alike as consistently providing a superior level of service and supporting key growth areas in the Scottish economy. Change is on the Preferred Supplier List of over ninety mostly blue chip companies, and also offers managed agency and complete outsourced recruitment (RPO) services.

Change CRS is focused on the recruitment of professionals in Financial Services and Investment, Accounting and Finance, Human Resources, Legal, and Distribution and Logistics. The Resource Group specialises in placing people into support & technical functions in four sectors: Secretarial and Administration, Call Centres, Technical, and Design, Construction and Property. Change Solutions has grown in recent years to become a core part of the Group, dedicated to the project management of high volume recruitment campaigns and provision of Managed Agency services through master vendor agreements. The fourth division, Change International, has grown rapidly to become a leader in the growing market for the remote placing of international qualified accountants and other professionals throughout the world’s key financial centres.

The management team intends to capitalise on the strength of Scottish market whilst also expanding its international business. The diverse spread of business offers significant opportunities for organic development as well as structural resilience to the economic cycle. Further plans for the business include additional improvements to the financial and operational support functions, as well as the addition of new product lines and development into new sectors. Tim Moynihan, until recently Chairman of Directorbank and previously a Finance Director with Hays, will join the board as Non-Executive Chairman.

NBGI Private Equity is committed to backing leading businesses and management teams throughout the UK. This is NBGI PE’s second investment in Scotland in 18 months, following its support for the successful £40m MBO of Stirling-based Superglass in August 2005.

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