Barclays sells RSG

Barclays Private Equity has sold UK recruitment consultancy Recruitment Solutions Group (RSG) to Hays for £18.5m. Return details have not been disclosed. Barclays invested £9m in RSG in April 2001, taking a substantial majority share, in a funding package of £18m. The firm invested through Barclays Private Equity PVLP LP, its 1997 €275m fund.

RSG specialises in recruiting skilled professionals, on both a temporary and permanent basis, for the social services, healthcare and education sectors.