Davies Arnold Cooper has advised Dragons' Den star James Caan on his latest investment. His leading UK staffing and real estate private equity firm, Hamilton Bradshaw (HB) has agreed to acquire a significant stake in the highly respected medical recruitment agency specialists DRC Group (DRC Locums and Locumlinx). The transaction includes HB combining with the ongoing DRC management team led by CEO Imraan Ladak. The deal was initiated and led by Tristan Ramus of HB.

Corporate Partner Steven Raize led the team from Davies Arnold Cooper, assisted by Simon Price, Anthony Lee and Louise Francis (Corporate), Wendy Trehy and Justin Roberts (Employment) and Andrew Romaner (Real Estate).

Steven Raize, a private equity specialist, joined Davies Arnold Cooper from Halliwells, along with Ian Brent and Clive Garston, in September 2009. Steven has previously advised HB on the acquisition of Eden Brown.

Davies Arnold Cooper partner, Steven Raize says: "James gave us the opportunity to use our recruitment business-related expertise on an extremely exciting transaction. It was a pleasure to work with James and his team and we look forward to advising them again in the future."

Tristan Ramus who initiated and led the deal for HB (and who will have a significant role as a board member of DRC) said: "The deal was our most important acquisition to date and it was a pleasure to work with the team from Davies Arnold Cooper. Steven also advised HB on the acquisition of Eden Brown and working with him again has been a great experience. Steven and his team once again provided an excellent swift service and relevant sector knowledge during these complex negotiations."

Adrian Rainey, who recently joined HB as General Counsel said: "It was a great pleasure working with the team from Davies Arnold Cooper on my first acquisition for Hamilton Bradshaw." KPMG also advised Hamilton Bradshaw on the acquisition providing financial and commercial due diligence. DRC Group were advised by Woodfines and MacIntrye Hudson. Venture Structured Finance provided the funding package.

Further information

For further information contact Rob Dwyer at 020 7293 4130 or rdwyer@dac.co.uk