Key takes £2m stake in EarthStream

KEY Capital Partners has invested £2m for a minority stake in specialist recruitment firm EarthStream, which supplies staff to the global energy and resources sectors.

By The Newsroom

Published 22nd Mar 2013, 00:01 BST

The investment by KCP, which has an office in Leeds, will be used to help EarthStream grow.

EarthStream which is headquartered in London, has a presence in 10 countries across Europe, Asia, Africa and North America. In 2012 the company generated turnover of more than £20m and it employs around 130 people.

EarthStream was founded by serial recruitment entrepreneur Paul Beeke. The transaction is KCP’s third in the recruitment sector, following investments in blue-collar labour recruitment company Templine, and healthcare industry recruiter Nurse Plus.

Mr Beeke, chief executive of EarthStream, said: “The investment from KCP has come at a perfect time. We have had an exciting couple of years of fast growth since foundation, and the investment and support from KCP will help ensure our rapid expansion continues.”