Maven Capital Partners has announced that it has invested in Castle View Group, one of the UK's fastest-growing and responsive pre-employment training and recruitment providers. The investment has been provided by two funds managed by Maven, the North East Development Capital Fund and the Finance Durham Fund.
Castle View Group is an employer and vacancy-led recruitment and training provider. The company was founded in 2001 by CEO Tony Healer and now works across a range of sectors including manufacturing, advanced manufacturing, engineering, health and social care, production and food production, warehouse and storage and facilities management.
Unlike other pre-employment recruitment and training businesses, Castle View Group offers a unique commitment to providing guaranteed interviews for each candidate, as well as successful employment outcomes for applicants and employers. The business initially started as a recruitment agency, and opened its training division in 2010, from which it has had continued success and has established a reputation as a trusted provider of high-quality service delivery.
The business has enjoyed a sustained period of growth and is now a leading provider of pre-employment services, providing training to over 3,000 candidates a year and placing them into roles in over 250 companies nationwide.
During the COVID 19 pandemic, the company’s recruitment division also launched a bespoke health and social care service, providing local authorities and health providers with qualified staff able to deliver high-quality 24/7 wraparound care services.
The funding will be used to support the continued growth of the business’ training division as a prime contractor, providing a greater depth of pre-employment programs to motivated job seekers in the North East and beyond. The business will also focus on the expansion of its bespoke health and social care service across the region.
Michael Vassallo, Investment Director at Maven, said: “Tony has built a strong business and is now recognised as a well-established national provider dedicated to training and recruitment services. The company addresses a genuine need in the recruitment industry, and we’re delighted to invest following an impressive period of growth. Today’s transaction will support the business on its next phase of growth.”
Tony Healer, CEO at Castle View Group, said: “We are excited to partner with Maven on the next stage of our growth journey and to welcoming Michael Vassallo to the board. We’ve also been highly impressed by the team at Business Durham and are grateful for the encouragement and support we have gained from Durham County Council. We are proud to be a North East based business and look forward to creating more jobs in the region.”
Cllr James Rowlandson, cabinet member for resources, investment and assets at Durham County Council, said: “We are delighted to be supporting Castle View Group as they grow in County Durham. The company’s approach to supporting unemployed individuals back into employment and its work with employers and regional recruitment agencies to understand local recruitment needs is an excellent example of how our Finance Durham Fund is helping to create more and better jobs and contributing towards a strong competitive economy for the future. Through the support from Finance Durham, we can ensure enterprising businesses with dynamic ideas like Castle View have the right means to grow in County Durham and we encourage more businesses to follow suit and access the funding opportunities we have available through our Business Durham team.”
Maven is one of the UK’s most active private equity investors and is passionate about working with ambitious businesses to achieve their strategic goals and maximise growth potential.
If your business, or the business you advise, is looking at private equity as a solution to fund future growth we would love to hear from you. Speak to one of our investment team by getting in touch at funding@mavencp.com