GP Bullhound advised Recruitee on its combination with Sympa
Shaping the future of HR technology.
Amsterdam, 16 February 2021 - GP Bullhound acted as exclusive financial advisor to Recruitee on its combination with Sympa. Providence Strategic Growth (PSG) is backing the combined business, and their investment will strengthen the group’s position as a European market leader in talent acquisition and core HR technology solutions.

Recruitee, a leading provider of applicant tracking systems (ATS) in Europe and the USA, and Sympa, a leading provider of core HR software in the Nordics, are combining to create a best-in-class provider of digital HR solutions.

The collaboration brings both companies’ software solutions under one umbrella, providing customers with a full suite of tools for automating HR tasks and amplifying the expertise of HR professionals, including a leading talent acquisition platform and a comprehensive core HR platform.

With a significantly increased geographical reach, the combined group will have a team of over 250 employees and over 4,000 customers across Europe and USA, with brands such as Autobahn, Red Bull Media House, Breitling, BMW, Toyota and TNT.

Perry Oostdam, CEO and co-founder of Recruitee, commented: “We are looking forward to working with the team at Sympa and PSG as we enter our next phase of growth. This collaboration helps accelerate our vision of providing companies with the best possible HR tools. With PSG as our backer, we aim to build a truly global presence and enhance our marketplace integrations. GP Bullhound has been a great advisory partner to us, their sector expertise and highly efficient process were instrumental in delivering the ideal transaction to continue our mission.”

Jonathan Cantwell, Partner at GP Bullhound and Javed Huq, Director, stated: “We are proud to have helped Recruitee and its stakeholders embark upon this partnership with Sympa and PSG. The combination creates an undisputed leader in the European recruitment ecosystem and we look forward to seeing them transform the landscape in the years to come.”

This transaction is further testament to GP Bullhound’s expertise in HR SaaS, with three deals completed in the last four months in the sector alone, having previously advised Easyrecrue on its acquisition by iCIMS and Allyo on its acquisition by Hirevue.

Enquiries
For enquiries, please contact:
Jonathan Cantwell, Partner, jonathan.cantwell@gpbullhound.com
Javed Huq, Director, javed.huq@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com

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