Refinancing and group restructuring of Morgan Hunt

TombstoneV260 Refinancing and group restructuring of Morgan Hunt

April 2008

Corporate Disposal

£ Undisclosed

Food & Beverage

Transaction Overview

Spayne Lindsay & Co. LLP advises Morgan Hunt on refinancing and group restructuring.


Spayne Lindsay has been working with Morgan Hunt Group Limited (“Morgan Hunt”), a dynamic and successful recruitment business. We advised Morgan Hunt on the refinancing of its existing debt to put in place total debt facilities of £19m to enable the shareholders to realise value in their business by partly cashing out without any diminution in the control of their business, and also to provide future support for projected growth in both the UK and overseas. At the same time Morgan Hunt consolidated its existing three businesses under one group company. The debt financing was provided by Barclays Corporate Leveraged Finance.


Morgan Hunt is an award winning provider of specialist recruitment services, operating in the public and private sectors both at the high volume end of the market and in executive search. The firm has a number of UK offices and is also well established in Russia and Dubai. The recruitment sector is highly specialised, and Morgan Hunt has been successful in identifying and targeting niche markets to grow the business at revenue growth of 62% year on year for the past 3 years. Due to this Morgan Hunt was recognised in the top 20 of the Sunday Times 2006 Virgin Fast Track 100 Companies, and in the top 50 for the list for 2007.


Spayne Lindsay is delighted to have advised Morgan Hunt and its shareholders on delivering such a transaction in challenging conditions, as we continue to develop our debt advisory business.

Contact Spayne Lindsay for further information