
3i invests in US-based WilsonHCG
3i has made a $120m equity investment in US-based recruitment process outsourcing (RPO) software platform Wilson Human Capital Group (WilsonHCG).
WilsonHCG is headquartered in Tampa, Florida, and provides software for RPO functions, including executive search and talent consulting. The business has operations in 65 countries in total. It was founded in 2002 and employs more than 1,000 staff, according to LinkedIn.
3i said in a statement that it expects the company to continue to grow rapidly. WilsonHCG expect 3i's international network will help facilitate that growth.
The GP generally makes private equity investments in companies with enterprise values of €100-500m, providing external capital as well as capital from its balance sheet.
WilsonHCG acquired Asian market peer Profile in February 2020, with the aim of expanding its global presence. The company has previously made international and domestic acquisitions in the RPO software market: it acquired UK-based CPH in April 2014, followed by US-based Summer Grace in March 2015.
Frontier Capital invested in WilsonHCG in 2013, subsequently exiting its stake to CIP Capital, who invested in the company in October 2017.
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