Outsourcing specialist secures funding package to boost global growth
A recruitment consultancy has plans to grow its global reach after securing a syndicated capital funding package though Lloyds Bank and HSBC.
Alexander Mann Solutions has secured the funding package to help bolster its proposition, offering integrated workforce planning, talent acquisition and talent management solutions to its Fortune500 and FTSE100 customer base.
Already operating in over 90 countries, the firm hopes that the investment will enable it to continue its global expansion and strengthen its existing offering.
Joanne Roberts, interim chief financial officer at Alexander Mann Solutions, commented: “Alexander Mann Solutions has built a reputation for being a global industry leader in engaging, motivating and retaining the best talent for its clients.
“We are now looking to continue to expand our client base, invest in our people and explore new opportunities, both in the home market and overseas.
“Lloyds Bank has provided us with the working capital required to drive growth, and we now have a clear focus on winning new business and widening our global customer base.”
Martin King, director of invoice finance & asset-based lending at Lloyds Bank, added: “For companies who are looking to drive and accelerate growth, working capital is essential.
“The funding package provided to Alexander Mann Solutions has given the business the capacity to invest in its future and continue to develop its leading talent management solutions without impacting its day-to-day cashflow.”
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