News & Blog

Twenty20 Capital news, media coverage and press releases

September 2021


Close Brothers is a leading UK merchant banking group offering lending, deposit taking, wealth management services and securities trading. As a FTSE250 company, they employ over 3,000 people, principally in the UK, and are listed on the London Stock Exchange.

Twenty20 Capital is proud to have worked with Close Brothers to conclude a number of pivotal deals, the most recent being that of the Cordant Group, a provider of international workforce based solutions.

Acquisitions, supported by Close Brothers, have contributed to Twenty20 Capital’s phenomenal growth over the last 4 years. Watch the video below to find out more from our very own Tristan Ramus, Chairman and Principal Founder, and Jamie Webb, Chief Investment Officer.




August 2021

EXIT: CRG Medical Services

CRG Medical Services has been part of the HCRG group since 2017.  In August 2021, we were delighted to be able to support the incumbent CEO, Chris Bailes, with an MBO of the business. We wish the business every success under Chris’ management.

August 2021

EXIT: CRG Clinical Services

Having held the CRG Clinical Services asset for 3 years we are delighted with our strategic exit to Polaris Medical.  Polaris Medical operate in the same sector and will provide CRG Clinical Services with a strong platform for investment and growth.

July 2021

EXIT: PMP Recruitment

Twenty20 Capital signs agreement to transfer ownership of high volume business, PMP Recruitment

Private equity firm Twenty20 Capital has announced the signing of a deal to transfer ownership of its high volume recruitment asset, PMP Recruitment to Challenge-trg Group.

The deal reinforces Twenty20 Capital’s focus on creating value for shareholders whilst remaining well-positioned to support Cordant’s sub-brands: Cordant People, Premiere People and Staffgroup – building momentum through portfolio growth, increased customer wins and new vertical entry points.

Tristan Ramus, Twenty20 Capital’s Founder and Investment Principal, said: “We are delighted to announce the merger of two-sector giants; PMP Recruitment and Challenge-trg Group. After 18 months of considerable investment, the PMP Recruitment business has gone from strength to strength, making it a strategic acquisition for Challenge-trg Group, positioning them as the UK’s largest blue-collar labour provider.

“The collaborative move demonstrates our ability to identify the right partner at the right time ensuring ongoing success aligned to our own values. I am confident that Challenge-trg Group will propel PMP Recruitment’s capabilities offering industry-leading service to both clients and candidates.”

Cordant CEO Jamie Reynolds, who joins the Challenge-trg Group board to support long term client relationships, transitions and integrations said: “With the support of the Twenty20 board, we have built out and expanded the PMP Recruitment business. In pursuit of operational success, we’ve recognised that Challenge-trg Group is well-positioned to leverage the numerous growth opportunities linked to the brand and the sector it operates in. 

Tom Cropper, Group CEO of Challenge-trg, said: “This is a really exciting time for Challenge-trg Group and PMP Recruitment. By coming together and pooling our resources and experience, we can offer our clients the ultimate service in our sector. 

“As a business, our vision and values align – PMP Recruitment is a leader in establishing protocols in the abolishment of modern slavery and Challenge-trg Group has focussed on creating a work environment that develops and supports our employees.  Through the combined passion for service and continual innovation and investment in technology and training provision, this merger is undoubtedly going to create opportunities for personnel and clients alike”.

May 2021

EXIT: Cordant Services

Cordant Security, Cordant Cleaning and Cordant Thistle become part of Bidvest Noonan.

We are delighted to be able to announce the sale of Cordant Services to Bidvest Noonan.

After a long history of exceptional service delivery, and having truly established itself as a trusted brand, we recognised that Cordant Services would be better positioned with an aligned organisation.

The exit of Cordant Services demonstrates our ability to drive market-leading performance with an outstanding management team and find the right partner at the right time for the future success of the business.

The disposal also reinforces Twenty20 Capital’s focus on realising value for shareholders whilst generating strategic growth within the staffing and human capital sector.

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May 2021

Team: Sam Bateman joins Twenty20 Capital as Legal Counsel

Twenty20 Capital strengthens its team ahead of future deal activity.

We are delighted to welcome Sam to the team. With a strong multi-disciplinary background across consulting, M&A  and law, Sam will head up our in-house legal and compliance team. We see this as a critical hire as we prepare for increasing deal activity.


December 2020

Team: Katie Folwell-Davies joins Twenty20 Capital as Investment Partner

Twenty20 Capital strengthens its team ahead of future deal activity.

With a 20 year background at Deloitte as deal maker in the Human Capital sector, we are delighted to welcome Katie to the Twenty20 Capital team as Investment Partner. Her unique skillset will leverage our position as the leading dedicated investor in the staffing and workforce solutions sector.

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