Nash Squared divests its Alumni business through an MBO to accelerate the growth of both brands
June 1st 2022 - Nash Squared, the leading global provider of technology and talent solutions, is divesting its Alumni business through a management buyout (MBO) to accelerate the growth of both brands.
Nash Squared, formerly Harvey Nash Group, recently announced its intentions for rapid growth - which will see its global headcount more than double from 3,000 to over 6,000 during the next five years. The divestment of Alumni will support this rapid growth strategy by providing a greater focus to its technology and talent solution brands - which help and support clients in developing their digital teams and capability.
Nash Squared will continue to be the overall company brand for the following five market leading technology and talent businesses - Harvey Nash, NashTech, Crimson, Spinks and Talent-IT.
The MBO will also act as a launchpad for future growth for the Alumni business as it continues its journey independently as a leading global provider of executive and leadership search. Alumni’s head office will remain in Stockholm, and it will continue to manage clients and assignments throughout the world through its network of offices based across Europe, Asia-Pacific, and the USA.
Bev White, CEO of Nash Squared said:
“This announcement marks a very exciting time for both Nash Squared and Alumni, and we’re looking forward to continuing our relationship by collaborating on shared clients. As we ramp up our growth plans, the divestment of the Alumni business will ensure that we have a laser sharp focus on our technology and talent solution brands – which are both experiencing a huge uptick in demand from companies requiring support in digitally transforming their business.”
Magnus Tegborg, CEO of Alumni said:
“Being part of the Nash Squared family has been a fantastic experience for us over the last 15 years, and we are very much looking forward to retaining a strong relationship with both Nash Squared and our shared clients, as we continue our journey as an independent business. We see significant growth potential for the business and expect this MBO to be the starting point of our future expansion plans.”
-ENDS-
Media Contacts:
David Pippett, ProServ PR
david@proservpr.com
+44 (0) 7899 798197
Nash Squared
Nash Squared are the leading global provider of talent and technology solutions.
We’re equipped with a unique network, that realises the potential where people and technology meet. For over three decades we’ve been helping clients solve broad and complex problems, building and transforming their technology and digital capability.
Alumni
Alumni is a leading executive search and leadership services organisation. Founded in 1990, we have always worked in partnership with a range of progressive and established companies in finding and developing the highly skilled competence they need in this increasingly competitive world. We assess people for key positions and advise executive teams. Through identifying and developing the right leaders, key competence and skills, we pave the way for our clients’ success.
With locations across Europe and Asia-Pacific we have the resources of a global enterprise, whilst fostering a culture of innovation and agility that empowers our people across the world to respond to constantly changing needs. We utilise specialists in every local market and tailor our offer to the unique requirements of our clients.
Our vision: Unleash the potential of talent and leadership to make a sustainable impact on business and society.
