Global private equity investment firm CVC will acquire a majority stake in World of Talents, an international platform of human resources companies specialising in bottleneck professions and talent management, from Belgian private equity firm Baltisse.
As part of the agreement, Baltisse will reinvest a significant proportion of its proceeds from the deal, with World of Talent’s current senior management team all remaining invested.
According to a press release, CVC will use its “extensive international network and expertise to support World of Talents in achieving its strategic goals”.
World of Talents operates in outsourcing, interim (management) and recruitment & selection, together accounting for an EBITDA of around €50m.
World of Talents was advised by Allen & Overy, Clifford Chance, Deloitte and Rothschild on the transaction. CVC was advised by Freshfields, EY, CFI and Lincoln. No further financial details of the transaction are being disclosed.
