Cambridge-based private equity fund, Key Capital Partners (KCP), has made the first investment from its maiden fund, a £4.3 million funding of the management buy-out of a Birmingham-based recruitment company.
Templine Recruitment has branches in Leeds, Luton, Coventry and Leicester and provides temporary labour to customers in the distribution, warehousing and industrial sectors as well as ‘on site’ recruitment services to a number of major logistics and distribution companies.
KCP closed its maiden fund in July 2007 at £100 million and is focused on making investments in the £1m-£5m equity range. It targets mainly growth businesses with a minimum pre-tax profit of £500k throughout the UK.
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