MML Capital Partners (“MML”) is pleased to announce it has made a significant investment into Spencer Ogden (https://www.spencer-ogden.com/) to support its next phase of growth.
Spencer Ogden is a global specialist in Energy and Infrastructure Recruitment with more than 400 employees across 12 international offices focusing on four key verticals – Renewables, Power and Utilities, Built Environment and Oil & Gas.
Continued investment in key areas such as renewables, combined with the ongoing technical skills shortage across the energy sector, has driven strong growth within Spencer Ogden (NFI by 18% YoY and EBITDA by 45% YoY). This has been complemented with a 29% increase in sales headcount.
With the change in ownership, Spencer Ogden will remain focused on its ambitious organic growth plan in core specialist sectors, whilst maintaining its reputation for excellence in delivering niche talent and developing key client partnerships.
Richard Mayers, partner at MML, commented, “We are delighted to announce our investment in Spencer Ogden. We see Spencer Ogden as a specialist player in a fast-growing and dynamic sector. We are excited to partner with CEO Bradley Lewington and his strong leadership team to continue building on the impressive progress they have made to date. We intend to further support the company’s organic growth in core markets and locations whilst staying true to its people focused led business”
Bradley Lewington, CEO of Spencer Ogden said, “I'm very excited to be partnering with MML for the next part of the Spencer Ogden journey. The investment is most certainly a vote of confidence in our future success and people. I would also like to pay tribute to and thank the co-founders David Spencer-Percival and Sir Peter Ogden, both of whom will remain shareholders and supporters of the business moving forward”
Richard Mayers and Rob Devonshire will join the board of Spencer Ogden on behalf of MML alongside executive management and Ed Ogden (as representative of the Ogden shareholding).
MML was advised by Clearwater International (Marcus Archer – Corporate Finance), Pinsent Masons (Ed Stead - Legal) and Deloitte (Daniel Wright – DD).