Wed, 31 Jul 2024 | BUSINESS NEWS
An international recruitment company headquartered in Cardiff has secured a multimillion-dollar investment from Meraki Capital, a private equity firm focused on the recruitment industry.
Hamlyn Williams, which employs 100 staff across offices in London, Amsterdam, New York and San Diego, in addition to its base on St Mary Street in Cardiff, has secured an investment of upwards of $7 million (around £5.5 million) from Meraki Capital. The backing will help support the firm’s objectives of accelerating its rapid growth trajectory.
The investment comes in the wake of considerable growth in Hamlyn Williams’ contracts business, with the company saying that this made it the optimal time for the funding to facilitate further rapid growth as it seeks to double its revenues over the next two years.
Meraki Capital founder Nick Gordon commented: “This investment is another example of our commitment to support excellent recruitment and staffing businesses, that not only need our cash investment, but value our specialist experience in this sector and our devotion to their success. Our values and ethos very much align with Hamlyn Williams and I’m very excited about the future of this business.”
Hamlyn Williams founder and Chief Executive Nick Vaughan said: "Having Meraki Capital invest in Hamlyn Williams will allow us to scale our business taking it from $50m in revenues in 2024 to achieving over $100m in revenues by 2026.”
"Nick Gordon will be joining the board; we felt his recruitment experience, high moral compass and reputation in supporting leadership teams in the growth of their businesses is the right partner for us. I would like to thank our amazing Hamlyn Williams team for putting in a really strong performance to make this happen."
Private equity investment is one of the major factors driving strong dealmaking activity in the UK's recruitment sector
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