An Irish private investment firm is to create 500 new jobs.

Broadlake has announced an investment in healthcare services business TTM Group, which will see it acquire a 30% stake in the business.

The investment will create the new positions over the next five years.

TTM is a specialist recruiter of healthcare staff.

In the UK, the group supports the recruitment of one in five nurses currently joining the NHS from overseas.

TTM is headquartered in Ennis, Co Clare, with offices in Dublin, Cork, the UK, Germany and Poland - as well as a network of international partners across Europe, Africa and Asia.

It currently employs more than 1,200 healthcare professionals, with over 50% of its business occurring outside of Ireland.

Broadlake will support TTM Group’s strategy to triple revenues and double the workforce in the next 5 years through a mixture of organic and acquisitive growth, enhancing its range of healthcare services and further extending its international reach.

The business will continue to be led by founder and CEO Brian Crowley and group Managing Director Barry Pactor.

As part of the investment, Pete Smyth, CEO of Broadlake, will join the TTM Board.

Commenting on the announcement, Mr Crowley also outlined the type of jobs on offer.