LDC backs HR recruitment platform Talos360
Talos360, a fastest growing HR technology provider, has been backed by mid-market private equity firm LDC for an undisclosed sum.
The company, which was co-founded by Stephen Rundell and Tomas Coulter in 2009, works with more than 700 businesses with customers including Easyhotel, The Entertainer, Homebase, Graham & Brown and Purplebricks.
Today, Talos360 employs more than 120 people at its headquarters in Warrington.
It has grown rapidly in recent years, ending 2021 with increased revenue of 56% – which includes a 94% increase in tech revenues – and is on target to finish 2022 with a turnover of more than £10m.
LDC is backing the existing management team, led by CEO Janette Martin and co-founder Stephen Rundell, to support their organic growth strategy and explore complementary acquisitions.
Financial details of the transaction are undisclosed, and it provides an exit for existing investor Tristan Ramus and his team at Twenty20 Capital.
With LDC’s support, Janette and the team will be able to further invest in product development and continue to evolve its proposition for new and existing customers.
It also plans to create more than 50 new jobs by 2025.
The investment was led by John Clarke, Investment Director at LDC in the North West. He was supported by Investment Managers Camilla Greenwood and Grant Goodwin, and Dale Alderson, Partner and Head of LDC in the North West.
Both John and Dale will join the board as Non-Executive Directors, alongside Chris Herrmannsen, Founder of global talent acquisition and management business Ochre House, who joins as Non-Executive Chair.
Stephen Rundell, co-founder of Talos360, said: “We’re really proud of the business we’ve built, and I’d like to thank Tristan and the team at Twenty20 Capital for helping us to get to where we are today.
“As we look to the next stage of our strategy, we see huge potential for continued growth and with the team’s track record and sector expertise we’re confident LDC is the partner to help us tap into this.
“We also wanted a partner who would be a good cultural fit. Our people are our most important asset and to have a partner that mirrors the characteristics we look for in our own employees – caring, genuine and down to earth – was key for us.”
Janette Martin, CEO at Talos360 and one of LDC’s Top 50 Most Ambitious Business Leaders of 2022, added: “I’m so proud of what we have achieved so far and there is no doubt that we have an incredible opportunity ahead of us.
“Our amazing team is brimming with ideas, and we’re looking forward to what we can bring to both existing and new customers. To have a partner that will add value and support us along the way is exactly what we were looking for.”
John Clarke, Investment Director at LDC, said: “Talos360 is a fantastic business and the management team’s strategy of putting its people and customers first has enabled them to build an enviable proposition within the market.
“There’s a real opportunity to build on this, enabling the business to support more customers with their talent strategies, and we’re looking forward to supporting Janette, Stephen and the wider team on their journey.”
