Interquest is a fast growing IT recruitment business, supplying IT professionals on a contract or permanent basis to a range of financial, commercial and public sector customers.

Risk Capital Partners backed the founder in 2001 with development capital to support the acquisition of a series of businesses.

Why we invested:

• Opportunity to consolidate a fragmented IT recruitment sector at low multiples, following the bursting of the dot com bubble and the Y2K spend downturn
• Backing a serial entrepreneur with a strong track record
• Cyclical market was at its low ebb, expecting marked improvement

Outcome

We sold our shares in the business in December 2010 realising a return on our investment of 2.8x