Rosaleen Blair may sell €300m AMS Group
Dubliner Rosaleen Blair, a former Veuve Cliquot business woman of the year, may be set for a major windfall as her €300m-valued recruitment firm, Alexander Mann Solutions, is thought to have been put up for sale by private equity group Graphite.
Graphite, which owns a majority stake in the business after bankrolling Blair's 2007 management buyout, is believed to have appointed investment bank RW Baird to examine the possibility of a sale. Alexander Mann Solutions was taken private six years ago in a €116m deal.
Sources said that it was at a very early stage in the process.
Blair is one of London's top headhunters and is believed to have played a hand in some of the most high-profile financial appointments in recent years.
Schooled at Loreto, North Great George's Street, Blair taught as a montessori teacher before running a fashion shop on Grafton Street. Although initially turned down for a job at a recruitment firm, British Dragons' Den star James Caan hired her to work in his own recruitment group. She persuaded him to let her start up a new division, Alexander Mann Solutions, in 1997.
Blair would completely upend the traditional business model of recruitment firm by changing from a transactional affair to a management consultancy operation.
Alexander Mann Solutions now has operations in 75 counties around the world, employing over 2,000 staff.
Company documents suggest that Blair has around 15 per cent of the holding company that owns Alexander Mann Solutions, with staff and Graphite owning the rest of the shares.