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Chamonix Private Equity portfolio company Shorterm Group acquired by Growth Capital Partners

Shorterm Deal Image.jpgArrowpoint Advisory's Business Services sector team has advised Chamonix Private Equity on the sale of its portfolio company Shorterm Group to Growth Capital Partners.

Shorterm Group is one of the UK's leading specialist engineering recruiters, supplying into the automotive, aviation, power, rail and general engineering end markets, and was acquired by Chamonix Private Equity in 2006. The company has built an extremely strong market-leading reputation based on its ability to provide flexible labour solutions to service the needs of its clients.

Steve Gallucci, CEO at Shorterm Group, said: “We are delighted to be starting the next phase of our growth strategy with Growth Capital Partners. Shorterm Group is at a very exciting stage of its development and we are delighted to have GCP involved to help us take the business forward. GCP has a great reputation for enabling companies to achieve their potential, and we look forward to working with them towards increasing our customer base and range of services.”

Jane Crawford, Managing Partner at Chamonix Private Equity, added: “We have had a very successful partnership with the management team at Shorterm Group, and would like to thank Arrowpoint Advisory for their guidance throughout the process.”

Patrick Groarke, Managing Director at Arrowpoint Advisory concluded: “It has been a pleasure working with Steve, Patrick Keenan and Chamonix on this disposal, and we are confident that the business will continue to prosper under Growth Capital Partners and the management into the future.”

This transaction follows on closely from Arrowpoint Advisory's completion of Livingbridge's investment in The Up Group, a digital executive search and networking business.

Patrick Groarke

Managing Director

Phone: +44 20 7484 4707

Mobile: +44 7803 887452

Karen Dawaf Harron

Director

Phone: +44 20 7484 4730

Mobile: +44 7901 666735

Will Evans

Assistant Director

Phone: +44 20 7484 4737

Mobile: +44 7825 713537

Lewis Gray

Director

Phone: +44 20 7484 4704

Mobile: +44 7796 262836