Case Study: East West International

We Backed: Matthew West & Carl Chinnappen

The two Founders, Matthew West and Carl Chinnapen, worked together in Randstad’s Construction, Property & Engineering recruitment division before forming a brand new JV under our HCIG platform.

The two founders brought with them their extensive recruitment experience to the table, together with their desire to form something from scratch while creating their own personal wealth.


Gross Profit




Head Count

Passion + Consistency = Success

While recruitment experience is a typical prerequisite, the ability to scale and add value to a new recruitment venture is what we do, and the value to the Founders in partnering with our investment platform.

Formed in 2012, East west international (ewi) was a specialist recruitment consultancy, recruiting people for infrastructure and engineering projects.

Our investment was £150k and the two other founders, Matthew West and Carl Chinnapen, invested £5k each.

EWI was exited as part of the MBO of HCIG, backed by Graphite Capital in November 2014.

At the exit EBIT of £530k, the Founders’ share produced a return of 26x against their initial investment.

Following the sale, ewi continued its growth and achieved £2.6m GP and £0.6m EBITDA in 2016/17.


We look for exceptional recruitment professionals with relentless ambition. We partner with people around the globe and across all sectors. Once your application has been received it will be reviewed by our investment team. If successful, we’ll contact you to discuss launching or scaling your business and possible exit strategies in more detail.