Newport Wales-based specialist search and selection company Agg Jones Search and Selection has secured equity and debt co-investment from Finance Wales, HSBC and the Welsh Assembly Government as part of a £475,000 expansion.

The company provides recruitment services to the financial, professional services, technology and private equity/venture capital sectors through its offices in Newport, London and Manchester.

Finance Wales has taken an equity stake in the company and HSBC is providing debt investment. The management team has also secured a Single Investment Fund grant from the Welsh Assembly Government.

Commenting on the investment, David Jones, one of the co-founders of the company, says:  “This round of funding will allow us to further develop our offering across the UK by continuing to invest in highly experienced consultants operating in their respective niche markets.”

Steve Elias, portfolio executive at Finance Wales, adds: “Agg Jones has demonstrated a solid track record in search and selection, developing a robust business plan for growth throughout the UK. This second round of investment by Finance Wales demonstrates Agg Jones’ strategic approach to making it a significant player in the UK.”