February 20, 2019
Technology, Business Services
GCA Altium advises the shareholders of CareerTeam Group on the sale to Crosslantic Capital
GCA Altium acted as exclusive financial advisor to TruVenturo, the founder and managers, on the sale of a majority stake in CareerTeam Group, a fast-growing tech-enabled executive search platform, to Crosslantic Capital. The selling shareholders will continue to hold a significant stake in the Company and will shape the future of the company together with Crosslantic Capital.
CareerTeam Group is the leading data-driven European executive search platform for digital experts and IT professionals. Its recruitment process combines a software-enabled selection and a KPI-based multi-channel search empowered by recruiting teams with long-term industry experience. The Company was founded in 2011 and has grown rapidly over the past eight years. The Group, which has developed into the leading executive search platform in the digital and IT space, has 200 employees in five locations in Germany, Switzerland, the Netherlands and France, and operates under six brands, including Paltron, Numeris, Sinceritas and alphacoders.
Dr. Ole Mensching, founder of CareerTeam Group, said: “The founding idea of CareerTeam Group was to transfer business processes and management tools from digital companies to the rather analogue operating headhunting sector and 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.”
In addition to Dr. Ole Mensching and the two co-founders, Christian Bicker and Christian Scholle, experienced managers Sascha Bilen and Dr. Sebastian Tschentscher joined the management team almost one year ago.
With the assistance of GCA Altium, TruVenturo has brought on board Crosslantic Capital to support the Company’s next phase of regional and international growth.
Crosslantic Capital commented: “CareerTeam Group disrupts the executive search industry by applying a technology-driven approach that leads to better and faster outcomes for their clients in need of Digital experts. We are excited to make CareerTeam Group the leading European executive search firm in the digital sector.”
Florian Haupt, Partner at TruVenturo, added: “Crosslantic Capital is specialised in fast-growing companies and with their strong know-how and international network they are ideally positioned to support the CareerTeam Group in the upcoming phase. We look forward to working together.”
Moritz von Bodman, Managing Director at GCA Altium, commented: “CareerTeam Group’s management team has built up an impressive business with a unique positioning in the recruitment market for digital experts. We are excited to have supported the shareholders and management to enter the next growth phase with the support of Crosslantic Capital.”
The transaction was signed in January 2019 and has been approved by the German antitrust authorities. Terms of the deal were not disclosed.
This transaction underlines GCA Altium’s position as a leading advisor in the Tech-Enabled Business Services sector.