Recruitment company Sellick Partnership Limited has sold a majority stake to Samsic, one of Europe’s largest soft service providers.
The existing management team, led by founder and Managing Director Jo Sellick, will retain a significant stake in the business and continue to lead the business, with Samsic taking on a strategic advisory role.
Jo Sellick said: “Sellick Partnership has enjoyed a sustained period of client and revenue growth and this deal reflects the work the whole team delivers to clients and candidates every day. Our success has been built on building a strong, tight-knit team with a great culture and Samsic shares our people-first approach, which has shone through in our discussions.
“Sellick Partnership opens the door to new sectors and markets for Samsic whilst we look forward to benefitting from its expertise in making strategic investments in businesses like ours and its track record supporting management teams to drive growth and business success.
“We are confident that the deal will be a springboard for accelerated expansion over time.”
Sellick Partnership was set up in Manchester in 2002 and today has more than 100 employees across Manchester, Liverpool, Derby, Leeds, Newcastle, Stoke-on-Trent and London. It reported a 24% increase in turnover to £49m for the year to February 2019.
Samsic was founded in 1986 and is based in Rennes, France. Samsic employs 90,000 people in 25 countries, generating a turnover of €2.6bn annually.
Thierry Geffroy, President of Samsic Group, said: “We are delighted to invest in Sellick Partnership as it is an ideal complement to our existing services and adds to our presence in the UK. We have been impressed by Jo and his team’s record of sustained growth – and especially the way it has built its success through developing a culture which has allowed it to recruit and retain great talent.”