De Poel

Founded in 2001, de Poel is a recruitment consultancy supplying temporary workers to large blue chip employers, including the NHS, banks and supermarkets.

Client website


  • Date: Sep 16
  • Industry: Recruitment
  • Location: North West
  • Type: MBO
  • Revenue: £778m
  • Fund: Fund I

Funding Solution

TDC’s £12m term loan in September 2016 supported a vendor-backed MBO alongside a working capital facility provided by Santander. 

TDC value add

Prior to TDC investment, the shareholders had received offers of around £60m for a full exit. The founder chose to pursue a vendor-backed MBO, funded by TDC to build value further. The newly incentivised management made huge steps during the following 18 months, with a new Chairman, Finance Director and Commercial Director appointed to strengthen the team. A new sales process in late 2017 yielded a sale to Bain Capital-backed US trade player MSX International for more than £100m.

I would like to thank TDC for their support, which ultimately allowed us to attract significant investment from a major US private equity house.

Andrew Preston, De Poel

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