Quilvest Private Equity, the private equity arm of the Quilvest group, has acquired global micro-specialist recruitment firm, Phaidon International. Financial terms of the transaction have not been disclosed.
Phaidon International, parent company of five award-winning micro-specialist recruitment brands, operates globally across offices in 10 locations including London, Zurich, New York, San Francisco, Hong Kong and Singapore. Founded in 2004 and headquartered in London, Phaidon has grown organically since its inception to over 500 employees and through its portfolio brands DSJ Global, EPM Scientific, Glocomms, LVI Associates and Selby Jennings, identifies talent to place in the Science, Technology, Engineering and Mathematics (STEM) sectors. With an international portfolio of clients and demand for its specialist services, the business is well-positioned to expand its footprint into existing and new markets.
Quilvest’s investment will continue the development of Phaidon International by using its global network to support the company’s expansion abroad. Under its new ownership, Phaidon will remain focused on expanding its five brands into existing office locations, while maintaining its high standards of delivering hard-to-find talent and building long-term partnerships.
Jay Takefman, Partner at Quilvest Private Equity, says: “We are delighted to announce our investment in Phaidon International. We see Phaidon as a unique player in a highly attractive, fast-growing sector. We are excited to partner with CEO Harry Youtan and his impressive management team to continue building on the progress that they have made to date. Over the coming years, we intend to further support the company’s growth, both in existing and new markets internationally and across its portfolio of renowned brands whilst staying true to its values-based, meritocratic culture.”
Harry Youtan, CEO of Phaidon International, says: “I’m very excited to be partnering with Quilvest for the next chapter of the Phaidon business. Quilvest stood out because of its international relationships and reach, as well as the quality of its team. I have no doubt that they will help us to fulfil our vision of becoming the go-to partner of choice for STEM partners worldwide. I would also like to pay tribute to our founder, Adam Buck, who will be stepping back from Phaidon following the transaction. Adam has been instrumental in building Phaidon into the successful business it is today.”
Adam Buck, founder of Phaidon International, said: “I am proud of what we have achieved with Phaidon over the last 14 years. I wish Harry and team all the very best in the future, and look forward to hearing about their successes moving forward with Quilvest Private Equity as their partner.”