Sellick sells stake

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Bondholder Sellick Partnership Limited, one of the UK’s leading independent recruitment companies, has sold a majority stake to Samsic, one of Europe’s largest soft service providers.

The existing management team, led by founder and Managing Director Jo Sellick, will retain a significant stake in the business and continue to lead the business, with Samsic taking on a strategic advisory role.

The deal is an endorsement of Sellick Partnership’s success building a market-leading, sustainable and profitable business. It places Finance & Accountancy, Legal, HR, Actuarial, Procurement, Change & Transformation and Housing & Property Services professionals in permanent, temporary and locum roles in public, private and not-for-profit organisations across the UK.

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Jo Sellick said: “Sellick Partnership has enjoyed a sustained period of client and revenue growth and this deal reflects the work the whole team delivers to clients and candidates every day. Our success has been built on building a strong, tight-knit team with a great culture and Samsic shares our people-first approach, which has shone through in our discussions.

“Sellick Partnership opens the door to new sectors and markets for Samsic whilst we look forward to benefitting from its expertise in making strategic investments in businesses like ours and its track record supporting management teams to drive growth and business success.

“We are confident that the deal will be a springboard for accelerated expansion over time.”

Thierry Geffroy, President of Samsic Group, said: “We are delighted to invest in Sellick Partnership as it is an ideal complement to our existing services and adds to our presence in the UK. We have been impressed by Jo and his team’s record of sustained growth – and especially the way it has built its success through developing a culture which has allowed it to recruit and retain great talent.”