European deal offers new possibilities and growth for Sellick Partnership.
Sellick sells stake to Samsic.
Sellick Partnership 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 has been set as an endorsement of Sellick Partnership’s success building a market-leading, sustainable and profitable business. It places finance and accountancy, legal, HR, actuarial, procurement, change and transformation and housing and property services professionals in permanent, temporary and locum roles in public, private and not-for-profit organisations across the UK.
“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,” said Jo Sellick. “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,” he said. “We are confident that the deal will be a springboard for accelerated expansion over time.”
Sellick Partnership has outperformed the market in recent years and reported a 24 per cent increase in turnover to £49 million for the year to February 2019. The UK’s recruitment sector had a turnover of approximately £35 billion in 2018, growing by 11 per cent year-on-year, and is forecast to grow for each of the next three years.
Thierry Geffroy, President of Samsic Group and Gilles Cavallari, Vice-President of Samsic HR are delighted and extremely proud to share this new adventure with Sellick Partnership in the UK, which will allow the company to extend its development and enrich its offer of services across Europe. “It is with complete confidence in Sellick Partnership’s team and all its collaborators that we will strengthen our position in core markets and will continue to successfully develop in the UK and Europe,” they said. “This new alliance is the starting point of a great human adventure with Jo, Hannah and Ray, and will lead us all to meet the greatest and most interesting challenges.”
Samsic was founded in 1986 and is based in Rennes, France. Today, it is one of Europe’s largest business service providers employing 90,000 people in 25 countries, generating a turnover of €2.6 billion annually.