Bowstring Advises 24 Seven in its Recapitalization by Morgan Stanley Private Equity
October 18, 2016 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to 24 Seven, Inc. (“24 Seven” or “the Company”), one of North America’s largest creative and digital human capital management firms, in its recapitalization by Morgan Stanley Private Equity (“Morgan Stanley”).
Based in New York City, 24 Seven is one of North America’s preeminent human capital management firms, specializing in the placement of free-lance and full-time creative, marketing, and digital talent. Through a network of nine U.S. and two international offices, the Company delivers advertising, creative, marketing, and interactive/digital professionals for free-lance and permanent placements. Clients include a combination of corporate marketing departments and marketing agencies. 24 Seven attracts and places high-quality talent through a consultative relationship-driven approach, and has demonstrated consistently strong growth and increasing profitability.
Celeste Gudas, Founder and CEO of 24 Seven, stated, “We are excited to partner with Morgan Stanley and enter a new phase of growth. We are proud of the brand and market presence we have established and expect this new partnership to deliver significant value as we build upon our strong foundation. The Bowstring team and their relationships and knowledge of the sector helped us to identify the right partner for 24 Seven.”
“24 Seven is a differentiated high-growth creative and digital staffing provider. We are pleased to have matched them with Morgan Stanley, who understands the human capital landscape and will be an exceptional partner for the team moving forward,” said Dave Phillips, Director at Bowstring Advisors.
The Bowstring team and their relationships and knowledge of the sector helped us to identify the right partner for 24 Seven.
Founder and CEO