Clearwater International advises Meet Recruitment on its MBO supported by NorthEdge Capital
Clearwater International has advised Meet Recruitment (Meet), an international talent provider to the life sciences sector on its primary management buyout backed by private equity firm NorthEdge Capital (NorthEdge).
Meet is a global talent acquisition partner to some of the world’s most exciting life sciences businesses. The company services clients across three core, high growth verticals: pharma, med-tech and healthcare communications, working with a broad range of blue-chip multinationals and emerging start-ups.
The business employs 160 people across its offices in London, New York, San Francisco and Berlin, and has grown revenues at a CAGR of 28% over the last three years. As part of its continued expansion, Meet is forecasting to hire over 200 additional people in the next few years. This will help to address the significant forecast demand from the life sciences talent market which is expected to deliver double-digit year-on-year growth through to 2025.
NorthEdge’s investment backs Meet CEO and founder Hannah Donaldson, who helped set up the business in 2009. Following the deal Meet will continue to invest in its people and grow its capacity to support the demand in the high-growth life sciences market. NorthEdge will also support the business to broaden its global office network and client base, as well as accelerating growth through M&A.
The Clearwater International team consisted of Managing Partner Marcus Archer, Associate Director Will Arnold and Associate Christian Pollard.
Hannah Donaldson, CEO and Founder of Meet Recruitment said: “We are really proud of the business we’ve built. We have a diverse range of extremely talented people working with us, which has allowed us to grow the company at an impressive rate over the last few years – expanding globally and targeting new markets and customers. It was important to us that our private equity partner had the same vision and values as we do. NorthEdge places huge emphasis on people, culture and sustainability, which aligns with how we do things at Meet. This is a really exciting journey that we’re embarking on and we’re delighted to have a partner like NorthEdge on board.”