M&A Deal Summary

People2.0 Acquires TalentWave

On June 8, 2021, People2.0 acquired staffing company TalentWave from Serent Capital

Acquisition Highlights
  • This is People2.0’s 1st transaction in the Staffing sector.
  • This is People2.0’s 1st transaction in the United States.
  • This is People2.0’s 1st transaction in Colorado.

M&A Deal Summary
Date 2021-06-08
Target TalentWave
Sector Staffing
Buyer(s) People2.0
Sellers(s) Serent Capital
Deal Type Add-on Acquisition

Target

TalentWave

Denver, Colorado, United States
TalentWave is a provider of independent contractor compliance and contingent workforce management solutions. TalentWave helps companies to lower costs, gain greater visibility into contingent labor spending and productivity, while ensuring compliance with government regulations. TalentWave was founded in 1997 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

People2.0

King of Prussia, Pennsylvania, United States
Category Company
Founded 2001
Sector Staffing
DESCRIPTION

People2.0 is a tech-enabled workforce deployment platform that provides employer of record/agent of record services and associated back-office support to staffing & recruiting firms, managed service providers, online recruitment platforms, recruitment process outsourcing, compliance service companies, and other talent acquisition service providers. People2.0 was founded in 2001 and is based in King of Prussia, Pennsylvania.

DEAL STATS #
Overall 1 of 3
Sector (Staffing) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Brookson

Warrington, United Kingdom

Brookson is a provider of support services to freelancers and independent contractors. Brookson is based in Warrington, United Kingdom.

Buy -

Seller(S) 1

SELLER

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.

DEAL STATS #
Overall 14 of 27
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 12 of 23
State (Colorado) 2 of 2
Country (United States) 14 of 25
Year (2021) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Zollege

Austin, Texas, United States

Zollege provides career-focused, skills-based training to enable students to access higher-quality jobs and achieve freedom through education. The company’s high-quality, hybrid e-learning and in-person training provides transformational education that leads to employment and continuing education opportunities in career fields, including Dental and Medical Assisting. Zollege was founded in 2010 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Digarc

Lakeland, Florida, United States

Digarc is a provider of cloud-based software that enables higher education institutions to more efficiently manage their online course catalog and streamline their curriculum design process. Digarc offers two primary software solutions to higher education institutions: Acalog and Curriculog. Acalog is a highly configurable, interactive online course catalog for use by registrars and administrators. Digarc was founded in 2001 and is based in Lakeland, Florida.

Sell -
Mergr

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