Acquisition by new investor
25. June 2019
Crosslantic Capital acquires majority stake in PALTRON parent company CTG
Crosslantic Capital, an independent investment company focusing on fast-growing companies, has acquired a majority stake in CareerTeam, a Hamburg-based personnel services provider that includes PALTRON. Truventuro and CareerTeam founder Dr. Ole Mensching remain shareholders and will shape the future of the company together with Crosslantic.
CareerTeam was founded in 2011 and has grown strongly over the past eight years. With around 200 employees at five locations in Germany, Switzerland, the Netherlands and France, the group, which also includes PALTRON, has advanced to become the leading executive search company in the digital and IT sector. Dr. Ole Mensching: "The founding idea of CareerTeam was to transfer processes and tools from digital companies to the more traditional headhunting sector and also to concentrate on the areas of digital and IT. This has worked incredibly well and the demand for our service has been and continues to be huge."
CTG and PALTRON's search process combines software-supported selection and data-driven multichannel search with the industry experience of specialized recruiting teams. In addition to Dr. Ole Mensching and the two co-founders Christian Bicker and Christian Scholle, the experienced managers Sascha Bilen and Dr. Sebastian Tschentscher have been strengthening the management of CareerTeam for almost a year now.
Crosslantic Capital: "The CareerTeam Group takes the executive search process to the next level by pursuing a technology-driven approach that leads to better and faster results for clients. The company supports its clients in their digital transformation and provides them with access to the most qualified digital experts. In addition to the business model, the technology focus and the forward-looking positioning, the experienced and competent management team convinced us above all. Together with this team and the existing shareholders, we are delighted to further expand the CareerTeam Group's leading position in the European executive search market, especially in the digital sector.
With the support of GCA Altium, Truventuro has brought Crosslantic Capital on board to support CareerTeam in its next growth phase. It is planned to open further locations in Germany and to advance the internationalization of the group. Florian Haupt, Partner at Truventuro: "Crosslantic specializes in fast-growing companies and with its know-how and international network can optimally support the CareerTeam Group in the coming phase. We are looking forward to the cooperation".
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