Hexagon Human Capital Ltd, the rapidly growing Executive Search and Leadership Consultancy group, has joined the Alternative Investment Market, with support from BPE Solicitors’ corporate team.
Partner Anthony Rudge has advised the London-based company over the past 18 months as it pursued an ambitious buy and build strategy, developing a highly successful multi-branded specialist Executive Search portfolio and broadening its leadership services into the interim market.
To continue this success story and compete in a highly competitive market, Hexagon decided to float the company on AIM, raising about £10m. The company will be capitalised at about £30m.
“This decision will enable Hexagon to achieve funding flexibility so that we can continue to deliver exceptional client service while also achieving high quality returns for shareholders and key staff,” said Chief Executive Jonathan Wright.
Hexagon’s performance for a company not yet two years old is particularly impressive. Net fee income on a pro forma basis is expected to exceed £14m in the year March 31 2007 and profits continue to grow strongly. Net fee income per fee earning professional is running at more than £550,000 per year, considerably ahead of similar businesses in the sector.
“Hexagon has an outstanding leadership team that has succeeded in assembling an exciting portfolio of successful businesses over the past 18 months,” said Anthony Rudge, who leads BPE’s corporate team in Birmingham.
“I have every confidence that Hexagon will continue to grow, maximising the opportunities offered by a successful AIM flotation,” he added.
Partner Anthony Rudge has advised the London-based company over the past 18 months as it pursued an ambitious buy and build strategy, developing a highly successful multi-branded specialist Executive Search portfolio and broadening its leadership services into the interim market.
To continue this success story and compete in a highly competitive market, Hexagon decided to float the company on AIM, raising about £10m. The company will be capitalised at about £30m.
“This decision will enable Hexagon to achieve funding flexibility so that we can continue to deliver exceptional client service while also achieving high quality returns for shareholders and key staff,” said Chief Executive Jonathan Wright.
Hexagon’s performance for a company not yet two years old is particularly impressive. Net fee income on a pro forma basis is expected to exceed £14m in the year March 31 2007 and profits continue to grow strongly. Net fee income per fee earning professional is running at more than £550,000 per year, considerably ahead of similar businesses in the sector.
“Hexagon has an outstanding leadership team that has succeeded in assembling an exciting portfolio of successful businesses over the past 18 months,” said Anthony Rudge, who leads BPE’s corporate team in Birmingham.
“I have every confidence that Hexagon will continue to grow, maximising the opportunities offered by a successful AIM flotation,” he added.
