AEA SBPE Partners with RED Global Limited
New York – October 7, 2022 – AEA Investors’ (“AEA” or the “Firm”) Small Business Private Equity (“AEA SBPE”) has announced that its fund has closed the acquisition of RED Global Limited (“RED” or the “Company”) alongside investment from the Company’s senior leadership team.
Established in 2000, RED is headquartered in London, and is a leading global specialist information technology (“IT”) staffing firm. RED is focused on temporary contract placements and permanent recruitment for the SAP ecosystem and related technologies including Business Applications, Software Development, Cloud & Infrastructure, Data & Analytics, and Cybersecurity.
RED’s well-trained sales and recruitment personnel as well as its extensive & mature global network of 300,000+ SAP & technology experts differentiates the Company from other larger, generalist IT staffing firms.
RED represents an exciting opportunity to invest in the large and growing IT staffing market, which has been an area of focus for AEA SBPE in the business services sector. RED’s differentiated brand and expertise in specialized SAP & technology staffing, strong global blue chip client relationships across a diverse range of end markets and consulting partners, and significant organic and M&A growth opportunities make RED a highly attractive asset.
"We are excited to collaborate with AEA Investors in the next expansive chapter of RED’s story. This new partnership underpins both our acquisitive and organic growth plans as we look to expand into even more regions and technologies," said Ross Eades, Chief Executive Officer of RED Global. “We look forward to working together to further achieve our mission of being the leading destination for SAP and technology talent to power digital transformations across the globe.”
"We are thrilled to partner with Ross and his team," said Dan Schorr, Partner of AEA’s SBPE. “RED has built a unique and compelling position in the industry, and we share the team’s vision of delivering superior value by providing comprehensive staffing solutions to their global clients.”
UPDATE 08/03/2023: We are currently seeking a talented Mergers & Acquisitions Researcher to join our team and to assist us in identifying potential acquisition targets, with a particular focus on the US & Continental Europe. You will work closely with our senior leadership team and be responsible for conducting research and analysis on potential acquisition targets, assessing market trends and identifying growth opportunities. The ideal candidate should have a strong background in finance, economics, or a related field, as well as excellent analytical and communication skills. If you are passionate about M&A and are looking for an exciting opportunity to advance your career, we encourage you to apply today by clicking here.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 110 investment professionals operate globally with offices in New York, Stamford, San Francisco, London, Munich and Shanghai. The firm manages funds that have approximately $18 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies, growth capital and mezzanine and senior debt investments. AEA SBPE is a strategy within AEA that currently manages $2 billion of invested and committed capital. The team seeks to help grow and transform companies at the lower end of the middle market by sponsoring growing companies with proven management teams and superior business models.
RED is a leading SAP & technology focused global staffing firm specializing in temporary contract placements, permanent recruitment & executive recruitment. RED also provides services within resource budgeting; onsite, offshore, and nearshore recruitment; change management and training solutions. RED delivers these services on a global basis. Learn more at https://www.redglobal.com/.
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