Graphite Capital, a UK mid-market private equity firm, has backed the £100m (€138.6m) buyout of a recruitment agency from financial sponsor Advent International, Graphite's first deal from its latest fund.

Graphite invested £50m in the Alexander Mann deal, which was the first by its most recent fund, Graphite Capital Partners VII that closed in May at £475m plus an £80m co-investment vehicle.