James Absalom was working in a recruitment business when he approached RCV to buy out the other shareholders and back him to scale the business under a new name, Walter James in April 2015.
RCV created Walter James, with the co-Founder James Absalom. We invested $114,000 and received an equity share of 67% in April 2015.
Since our investment, Walter James has expanded to include interim and life sciences, both of which have had a significant impact on the performance of the business.
We helped Walter James acquire Euromedica, a long standing brand that allowed the business to enter the clinical market, and therefore diversify its offering.
Loans repaid in August and September 2016; 16 months after completion.
Value of $14.2m (offer at 6x earnings) with returns exceeding 80x to investors, plus further upside via equity rollover.
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.