Caldey Corporate Finance is delighted to announce the sale of eArcu Limited to PageUp for an undisclosed sum.
A team at Caldey Corporate Finance led by Adrian Dray and Janine Vitali advised and led the sale of eArcu Limited.
eArcu is an award winning recruitment software and solutions business delivering market leading solutions for its global client base across every industry, sector and continent. eArcu delivers a complete Talent Acquisition Suite which allows its customers to attract Top Talent, through the utilisation of the eArcu software suite and the design of the employee journey that attracts and engages the best talent to join eArcu’s clients. It is testament to the eArcu offering that many of its customers regularly win Recruitment Industry Awards.
PageUp is a leading Australian based Talent Management business backed by the US technology focused investment firm Battery Ventures.
Andy Randall, owner and CEO, engaged with Adrian Dray at Caldey to find the right partner at a price that fully reflected where Andy and his team had grown the business to, since founding the business 10 years earlier.
Andy Randall said “I had previously sold one business and knew that to achieve the best result for me and my fellow shareholders I needed an Advisor totally dedicated and focussed on delivering that outcome. Caldey made a huge difference and delivered way beyond my high expectations. Their commitment and determination to find solutions that worked both for us and the PageUp team during the transaction process was amazing; I am certain that we wouldn’t have been able to achieve this great result without the drive and innovative thoughts of Adrian and Janine.”
Kevin Dowling, eArcu CFO commented “Having successfully concluded a deal before, I have experience and an understanding of the importance of the financial information and due diligence process. The attention to detail of Adrian and Janine and their focus on ensuring both eArcu’s successful historical performance and future potential were clearly aligned and demonstrated its first class potential, as well as their support as the due diligence process progressed to its conclusion, ensured real trust and credibility was established with both Battery Ventures and PageUp early on in the process. I would highly recommend them.”
Adrian Dray commented “Acting for clients, such as eArcu, is the reason we set up Caldey to help entrepreneurs to realise premium prices for the exciting businesses they have created. We are delighted we delivered a great deal and found a great partner in PageUp.”
Janine Vitali added “Andy and his team has produced a really exciting and successful business with a very impressive list of global customers. Considering the challenges that organisations are encountering after the impact of Covid 19 and the demands around recruitment specifically, eArcu is exceptionally well placed to continue with its growth and success under the ownership of PageUp.”
Caldey Corporate Finance is an independent Advisor to entrepreneurs, owner managers and family owned businesses. Caldey supports its clients and their businesses on their journey to value through delivering strategic advice, fund raising and acquisition services as well as exit planning and execution.
Contact information:
Adrian Dray
tel. 07711 473 237
email: [email protected]
web: www.caldeycorporatefinance.co.uk