WALLESS advised ClaraEst and Triin Raamat on the sale of CVO Recruitment and Simplika to Gi Group Holding

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WALLESS advised ClaraEst and Triin Raamat on the sale of CVO Recruitment and Simplika to Gi Group Holding. CVO Recruitment and Simplika was founded in the year 2001 in Estonia. Its companies collectively generate revenues of €16 million annually by partnering with over 450 clients through handling an average of over 850 recruitment projects per year and providing temporary employment to over 500 workers daily.

CVO Recruitment recruits middle and top-level specialists and top managers. Simplika focuses on personnel leasing and staffing, recruitment of junior and mid- level specialists, complemented by related services such as market consultation, onboarding and outplacement. Both business lines specialise in recruitment in the fields of technology (including IT), finance and analytics, sales & marketing, management, and more.

The transaction marks Gi Group Holding’s market entry into Estonia and Latvia. Gi Group Holding has more than 6,700 employees and operates in 29 countries in Europe, Asia-Pacific and North and South America.

WALLESS team included partner Karl-Erich Trisberg and junior associate Laura Melk.

More about the transaction: https://www.aripaev.ee/uudised/2022/12/09/varbamisfirma-muunud-omanik-alustas-ettevottes-praktikandina

#M&A #recruitment #labourmarket

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