NES Fircroft raises $650M in senior secured bonds, among the largest UK staffing debt deals
What's the deal? NES FircroftDealroom has a profile for this one. Try Dealroom → Bondco AS has issued $650 million in senior secured callable bonds, part of a framework worth up to $1.25 billion. Pareto SecuritiesDealroom has a profile for this one. Try Dealroom → AB acted as sole global coordinator, with Pareto and ABG Sundal CollierDealroom has a profile for this one. Try Dealroom → ASA as joint bookrunners.
Who's behind it? NES Fircroft is a portfolio company of AEA InvestorsDealroom has a profile for this one. Try Dealroom → and describes itself as the world's leading engineering staffing provider, delivering workforce solutions to the global energy industry.
Why it stands out: The raise ranks in the 97th percentile among all-time debt rounds for UK jobs recruitment companies, based on a sample of 119 deals. That places it among the largest financings of its kind in the sector.
The signal: Large secured bond issues from energy-focused staffing firms point to sustained demand for specialist workforce provision across the global energy industry — and to appetite among debt investors for backing established, private equity-owned recruiters at scale.
Read more: Roschier
Image credit: Michael Elleray
