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Announced

Completed

Focus Cloud completed the acquisition of Cognitive Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

United Kingdom

Completed

talent acquisition solutions

Acquisition

Majority

Outsourced HR and Staffing

Friendly

Domestic

Private

Synopsis

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Focus Cloud, a European-based IT recruitment group, completed the acquisition of Cognitive Group, a Microsoft recruitment firm. Financial terms were not disclosed. ""The solutions we're able to offer have diversified since the company's inception and moving into the Microsoft recruitment space was a natural step for the business. Having seen the growth of Cognitive in my days as a recruiter before starting my own Recruitment Consultancy, I knew that they were leaders in their field, but it was only when I sat down with Jon that the real potential of this deal struck home. The cultural match between the two brands and the focus we jointly have on supporting our people go hand in hand. The new group offers a unique value creation opportunity for each of our high performing employees. I'd like to thank our employees who perhaps took us through the hardest period the company has had to date and helped us get to where we are now and welcome the Cognitive Group into the family," Lloyd Gordon, Focus Cloud CEO and Founder.

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