New Mountain Capital is paying $416.5 million to buy Alexander Mann Solutions from Graphite Capital.
Alexander Mann provides talent acquisition and management services that allow companies to find new employees.
During Graphite’s ownership the company bought Capital Consulting, a recruitment process outsourcing firm, to add to Alexander Mann.
New Mountain Capital, headquartered in New York, generally invests between $100 million and $500 million per transaction. The firm has invested in Apptis Holdings, Deltek Inc. and NuSil Technology LLC.
London-based Graphite is a private equity firm that invests in the U.K. The firm is currently invested in Park Holidays UK, the Groucho Club and TMP Worldwide.
Robert W. Baird & Co. advised Graphite on the deal. The investment bank originally advised Advent on the sale to Graphie in 2007 for $160 million.