Recruitment firm sells majority stake to French giant

Recruitment firm Sellick Partnership has sold a majority stake in its business to French giant Samsic.

The Manchester based recruitment specialist is looking to expand in the wake of the deal.

Sellick’s management team, led by founder and managing director Jo Sellick , will retain a significant stake in the business and continue to lead the firm. Samsic will take on a strategic advisory role.

Sellick works in finance, legal, HR, actuarial, procurement, housing and property services.

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 benefiting 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.”

Sellick Partnership was launched in 2002 and has more than 100 employees in Manchester, Liverpool, Derby, Leeds, Newcastle, Stoke-on-Trent and London.

It has outperformed the market in recent years and reported a 24 per cent increase in turnover to £49m for the year to February 2019. e years.

Thierry Geffroy, president of Samsic Group and Gilles Cavallari, vice-president of Samsic HR said the deal will allow the company to extend its services across Europe.

He said: “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.

“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. it is one of Europe’s largest business service providers employing 90,000 people in 25 countries, generating a turnover of £2.2bn annually.