Aurex Group Completes Management Buyout
PRESS RELEASE – 30 August 2022 – Hong Kong Aurex Group has completed a management buyout (MBO), changing the company ownership effective from 23 August 2022. The firm is now a 100% management-owned company globally and will continue to specialise as a full-service search partner focussed within the Real Estate, Infrastructure and Natural Resources sectors….
PRESS RELEASE – 30 August 2022 – Hong Kong
Aurex Group has completed a management buyout (MBO), changing the company ownership effective from 23 August 2022.
The firm is now a 100% management-owned company globally and will continue to specialise as a full-service search partner focussed within the Real Estate, Infrastructure and Natural Resources sectors.
“Since our rebranding in 2017, our mission has been to strategically expand Aurex Group to new markets to service our client and candidate groups internationally. We have achieved that goal with the opening of our offices in Singapore, Houston, Sydney, Brisbane, and Denver in recent years.
“On the back of a record year for revenue in 2021, coupled with our track record of year-on-year growth, we made the decision to invest in our future and evolve independently. With the commitment of our partnership team, we are now in a position to drive the direction of our firm and fully realise our vision for Aurex Group together.”
—JARED LOWE, CHIEF EXECUTIVE OFFICER
Global Partnership Group (L to R): Top Row – Adam Skinner, Sally Tremlett, David Byrne, Ben Watt, Giles Dalton, John McClellan. Front Row – Candice Egan, Jared Lowe and Sabrina Wong.
The MBO was led by CEO Jared Lowe in conjunction with the global partnership group across Hong Kong, Singapore, the Americas and Australia. The established leadership team brings more than 150 years of experience to the company.
The global partnership group includes CEO Jared Lowe, Managing Director Greater China Ben Watt, Managing Director Singapore Giles Dalton, Director Singapore Alex Kerr, Managing Director Australia Sally Tremlett, Director Australia Candice Egan, Managing Director Americas John McClellan, Managing Director Americas David Byrne, Managing Director Americas Adam Skinner, Global Financial Controller Maggie Lok and Global Operations Director Sabrina Wong.
The Aurex Group team worked closely with consultants Deloitte for global tax structuring as well as Kapitalize for corporate finance and strategic advice to shape the buyout deal with the firm’s former partners Career International.
| “On behalf of the Aurex Group Partners, we would like to thank Deloitte, Kapitalize, and our company lawyers Squire Patton Boggs, for guiding us through this process. We would also like to thank Career International for their early belief in our firm, their partnership, and their support throughout the MBO deal that sees both of our companies benefit from our mutual success.”
— JARED LOWE, CHIEF EXECUTIVE OFFICER “Career International and Aurex Group will always have a strong relationship, a reflection of our trusted and prosperous partnership over many years. We look forward to working together in new capacities and thank the team for all they have accomplished in our time together.” — WALLACE GAO, FOUNDER & CHAIRMAN, CAREER INTERNATIONAL |
Under the new management-ownership structure, Aurex Group plans to deliver on its strategic objectives, ensuring the firm is represented globally in its key markets. The firm’s first move under its renewed directive from the global partnership team is to unveil a new office location in the coming months, strengthening its international position.
About Aurex Group
Aurex Group is a global recruitment firm specialising in the Real Estate, Infrastructure and Natural Resources sectors. The business was founded in 2010 in Hong Kong. First achieving success as a market-leading provider in Asia, today Aurex Group is a global recruitment company with offices in Asia, the Americas and Australia. Since 2022, the firm is proud to be a 100% management-owned business.
Now into its second decade, Aurex Group has built a reputation as a trusted partner to its global clients and talent networks. The international team is committed to finding and securing top-tier talent for the sectors in which they specialise and building long-term partnerships with candidates and clients alike.