M&A Deal Summary

WorkGenius Acquires Expertlead

On August 8, 2023, WorkGenius acquired information technology company Expertlead from Acton Capital

Acquisition Highlights
  • This is WorkGenius’ 1st transaction in the Information Technology sector.
  • This is WorkGenius’ 1st transaction in Germany.

M&A Deal Summary

Date 2023-08-08
Target Expertlead
Sector Information Technology
Buyer(s) WorkGenius
Sellers(s) Acton Capital
Deal Type Add-on Acquisition

Target

Expertlead

Berlin, Germany
Expertlead is a global community of highly qualified tech freelancers. Expertlead’s mission is to support freelance tech professionals in all stages of self-employment from project acquisition and administrative tasks to continuous training and peer-to-peer learning. Working together with its community and using proprietary coding tests as well as rigorous technical interview processes, Expertlead vets, and selects the world's best senior developers, data science experts, experienced product/project managers as well as proficient UI/UX designers. Expertlead provides its clients with access to its exclusive community of highly qualified tech freelancers. Expertlead was founded in 2018 and is based in Berlin, Germany.

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Buyer(S) 1

Buyer

WorkGenius

Hamburg, Germany

Category Company
Founded 2019
Sector Staffing
DESCRIPTION

WorkGenius is an automated, end-to-end freelance-and-temporary worker, high tech recruitment platform, that gives you access to quality, vetted candidates, in various areas of expertise. In addition, WorkGenius features a powerful, easy-to-use, centralized interface that handles compliance, personnel management, and all your invoicing and finance needs, seamlessly within the system, and with total transparency. WorkGenius was founded in 2019 and is based in Hamburg, Germany.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Agency WorX

New York, New York, United States

Agency WorX is a women-owned strategic staffing and workforce solutions provider. Agency WorX is based in New York City.

Buy -

Seller(S) 1

SELLER

Acton Capital

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1999
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Acton Capital is a late-stage venture capital firm focused on investing in web-based companies benefiting from the 'digital revolution'. The Firm has a special interest in companies and sectors benefiting from the transition to online activity and will consider opportunities across Europe and North America. Acton Capital Partners was formed in 1999 and is headquartered in Munich, Germany.


DEAL STATS #
Overall 17 of 18
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 10 of 10
Country: Germany M&A 11 of 11
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-08 Knix

Toronto, Ontario, Canada

Knix is a direct-to-consumer intimate apparel brand that is re-inventing intimates for real life. Knix was founded in 2012 and is based in Toronto, Ontario.

Sell $320M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-18 Hublo

Montreuil, France

Hublo develops digital solutions to streamline HR management in the healthcare sector. Its unified platform enables healthcare institutions to efficiently manage staffing, from recruitment to scheduling, internal mobility, and communication. Hublo was formed in 2016 and is based in Montreuil, France.

Sell -