Thursday, April 28, 2016

TPG Growth Buys Frank Recruitment Group

Fort Worth-based middle market equity investment firm TPG Growth announced this morning that it has acquired staffing and recruiting company Frank Recruitment Group, from its founders and private equity firm Livingbridge. Financial terms of the acquisition were not disclosed. Frank Recruitment Group specifically focuses on the enterprise software market, and is based in Newcastle, UK. TPG Growth was advised by Kirkland & Ellis International LLP in the deal, and says it received debt financing from HSBC. FRG was advised by Travers Smith and Ward Hadaway and Rothschild.