Palamon acquires Thomas International

Financial details of the transaction remain undisclosed, though Thomas International generated pro-forma EBITDA of £9m in 2017, according to a statement.

The transaction is the seventh investment by Palamon's third fund, which held a €402m final close in June 2017. According to unquote" data, the vehicle was estimated to be 60% deployed as of July 2017.

Following the deal, Thomas International's current CEO, Amir Qureshi, will continue in his role, while chairperson Martin Reed will take on a non-executive director role and act as a representative of the founding Reed family. Palamon partners Ricardo Caupers and Ali Rahmatollahi will also take seats on the Thomas International board of directors.

Company
Founded in 1981 and headquartered in Marlow, Buckinghamshire, Thomas International is a provider of psychometric assessments to SMEs for HR, recruitment and career development purposes. The business has 81 offices across 60 countries, with 75% of its revenues generated from international operations.

The company's £9m pro-forma EBITDA in 2017 was generated from a turnover of £40m.

People
Palamon Capital Partners – Ricardo Caupers, Ali Rahmatollahi (partners).
Thomas International – Amir Qureshi (CEO).

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