M&A Deal Summary

Gi Group Acquires CareerArc

On July 8, 2020, Gi Group acquired internet software and services company CareerArc from PeakEquity Partners and Kinderhook Industries

Acquisition Highlights
  • This is Gi Group’s 1st transaction in the Internet Software and Services sector.
  • This is Gi Group’s 1st transaction in the United States.
  • This is Gi Group’s 1st transaction in California.

M&A Deal Summary
Date 2020-07-08
Target CareerArc
Sector Internet Software and Services
Buyer(s) Gi Group
Sellers(s) PeakEquity Partners
Kinderhook Industries
Deal Type Add-on Acquisition

Target

CareerArc

Burbank, California, United States
CareerArc serves as the next generation of social recruiting solutions for job seekers, college students, employers and higher education institutions. With a fundamental shift in the way people find and consume content, businesses have an enormous opportunity to stay more connected with job seekers and generate powerful word of mouth about their brand. CareerArc provides powerful applications to make this possible as well as online job, internship and content solutions to aid job seekers and career professionals to strengthen their skills.

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Buyer(S) 1

Buyer

Gi Group

Milan, Italy
Category Company
Founded 1998
Sector Staffing
DESCRIPTION

Gi Group is a large multinational staffing company and provider of services dedicated to developing the labor market. The Group has supported over 20,000 companies and operates in the following sectors: temporary and permanent staffing, search and selection, executive search, training, employment support, HR administration, outsourcing, and HR consultancy. Gi Group is based in Milan, Italy.

DEAL STATS #
Overall 2 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-28 Right4staff Holdings

Chesterfield, United Kingdom

Right4Staff provides temporary staffing services, focusing primarily on blue-collar and semi-skilled workers. The business benefits from several significant contracts with major employers using temporary staff to manage demand peaks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Kelly Services - European Staffing Business

Troy, Michigan, United States

Kelly Services' European Staffing Business provides staffing services.

Buy €130M

Seller(S) 2

SELLER

PeakEquity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 137M USD
Size Small
Type Sector Focused
DESCRIPTION

PeakEquity Partners is a private equity firm focused on acquiring enterprise software and solutions companies. Specific areas of interest include enterprise infrastructure software, enterprise application software, business analytics, business intelligence, big data, IoT, supply chain management, and information security. PeakEquity looks to invest at least $20 million per transaction and targets businesses with $10 to $50 million of revenue. PeakEquity Partners was formed in 2014 and is based in Radnor, Pennsylvania.

DEAL STATS #
Overall 3 of 5
Sector (Internet Software and Services) 3 of 4
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 1
Country (United States) 3 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-29 BERA

New York, New York, United States

BERA is a global software company that is disrupting how brands measure, manage and maximize their customer relationships. The BERA brand intelligence platform measures over 4,000 brands across 200 sectors in real-time, providing predictive market insights that track to business growth.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 Grayshift

Atlanta, Georgia, United States

Grayshift is a provider of mobile device digital forensics, specializing in access and extraction. Grayshift solutions are purpose-built to help law enforcement and government investigative agencies swiftly resolve critical investigations and ensure public safety. Grayshift was founded in 2016 and is based in Atlanta, Georgia.

Buy -
SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 28 of 42
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 23 of 34
State (California) 4 of 5
Country (United States) 27 of 41
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 Prairie Dog Pet Products

Grand Prairie, Texas, United States

Prairie Dog Pet Products is a specialty manufacturer and marketer of premium, American-made dog treats, including freeze-dried treats, jerky, and natural parts. Prairie Dog Pet Products is headquartered in Grand Prairie, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 VirTrial

Scottsdale, Arizona, United States

VirTrial is a provider of software solutions for remote site startup and decentralized clinical trial conduct. VirTrial was founded in 2018 and is based in Scottsdale, Arizona.

Sell -
Mergr

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