Mon, 22 Jan 2024 | BUSINESS SALE
Unseen Group, a software and employability services provider to the UK early careers industry, has completed its latest acquisition with a deal for internships specialist Pagoda Projects. The target company, which is based in Manchester, partners with universities both in the UK and overseas to provide part-funded and fully-funded internships.
The acquisition of Pagoda Projects is Greater Manchester-based Unseen Group’s sixth in the space of three years and its biggest takeover to date by team size. The deal expands Unseen Group’s overall headcount by 70 per cent and increases revenues across the group to £7.5 million, up by 78 per cent from the £4.2 million recorded in 2022.
Following the deal, the Unseen Group now comprises 75 full-time staff members and seven brands, which include digital assessment centre platform TopScore, consultancy specialist Gradcore and graduate careers website graduatejobs.com.
Unseen Group Chief Executive Zac Williams said that Pagoda Projects was “an amazing business with a great team behind it” and added that, following the deal, the group was continuing " full-steam ahead with our buy-and-build strategy."
Williams continued: “Pagoda’s mission to make better employment outcomes possible for students from all backgrounds perfectly compliments our own mission to provide opportunities and choices for the next generation of talent, so it was clear that our companies aligned when it came to values and purpose."
Pagoda Projects founder Jamie Bettles added: "When I first met Zac in 2023 I was really impressed by his vision and the company values he had built into the Unseen Group.”
"After creating a successful graduate jobs website, the growth journey Zac and Unseen have embarked on inspired me to join the group, knowing I'd be uniting with a supportive and high performing team of leaders within our space."
He added: “Being part of an innovative group of impact-driven companies will help us to offer our university partners and student participants high quality, high impact programmes with even stronger graduate outcomes.”
Find out more about M&A in the professional services industry
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