Transaction
Transaction Details
Closed
April 3, 2019
Sector
Technology, Tech-Enabled Services
Deal Type
Mergers and Acquisitions
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.
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