February 27, 2019 | Announcements
GCA Advises the Shareholders of CareerTeam on Its Sale to Crosslantic Capital
GCA acted as exclusive financial advisor to the shareholders of CareerTeam, a leading executive search platform in the digital and IT sector, on the sale of a majority stake to Crosslantic Capital, an independent investment firm focused on fast-growing companies.
CareerTeam Group is a leading data-driven executive search platform for digital experts and IT professionals. Supported by CareerTeam’s software, the company’s industry-specific recruiting teams conduct multi-channel searches to deliver results to their clients. Founded in 2011, the Group operates in five locations across Europe and comprises six brands.
Dr. Ole Mensching, founder of CareerTeam Group, said: “The founding idea of CareerTeam Group was to transfer processes and tools from digital companies to the rather traditional headhunting sector and also to focus on the IT and digital segment. This has worked incredibly well and the demand for our service is and has always been huge.”
Crosslantic Capital will support CareerTeam’s next phase of regional and international growth.
Existing shareholder TruVenturo and Dr. Mensching will retain minority ownership in the company. Florian Haupt, Partner at TruVenturo, commented: “Crosslantic Capital is specialized in fast-growing companies and with their know-how and international network they are ideally positioned to support the CareerTeam Group in the upcoming phase. We look forward to working together.”
Terms of the deal were not disclosed.
GCA is a global investment bank that provides strategic M&A and capital markets advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 20 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.