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Announced

Completed

Tenex completed the investment in BELAY.

Synopsis

Tenex, a private equity firm, completed the investment in BELAY, a virtual staffing company. Financial terms were not disclosed. "In a post-COVID world, labor markets have tightened, retention of talent has become increasingly challenging, and company hiring needs have grown and changed. The adoption of remote work, however, has proven extremely effective in many more situations than previously thought," Joe Cottone, Tenex Managing Director.

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