Permira to acquire majority stake in Cielo from Accel-KKR.

ielo, the world’s leading strategic recruitment process outsourcing partner, and Permira, the global private equity firm, today announced a definitive agreement under which a company backed by the Permira funds will acquire a majority equity stake in Cielo from Accel-KKR. Cielo will use this new investment to support its next phase of strategic growth, reinforcing its commitment to providing innovative services, solutions and technology that help organizations around the globe find, attract and hire the best talent. As part of the transaction, the Cielo management team, led by Founder and Chief Executive Officer Sue Marks, will maintain meaningful ownership and will continue to lead Cielo in their current roles. Terms of the transaction were not disclosed. “Cielo is passionate about changing the way the world views talent, and just as our partnership with AKKR has fostered our growth into the leading global RPO, our new partnership with Permira will enable us to further our vision. Permira is committed to helping us achieve the ambitious goals we’ve set for the next stage in our development,” Sue Marks, Cielo CEO and Founder, said.