Dartmouth Partners receives investment from Literacy Capital Plc.

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Dartmouth has secured investment from Literacy Capital to support its continued domestic and international growth.

 

Dartmouth Partners, the City’s leading recruiter of elite junior to director-level talent, has secured investment from closed-ended investment company Literacy Capital to support its continued domestic and international growth.

Founded in 2012 by Logan Naidu, the Dartmouth team partners with businesses to bring them bespoke, effective talent solutions of the highest quality. The firm’s unique ‘classroom to boardroom’ approach enables it to find and recruit the best and brightest, from the smartest graduates to the most distinguished leaders. As talent advisors to many of the City’s best-known institutions, Dartmouth has developed a reputation for expertise and trusted partnership that has established it as a leading presence across London and Frankfurt within six years of its launch, placing 2,500 candidates within its client base of over 300 firms.

With demand for its services continuing to grow significantly, Dartmouth is planning to further broaden its sector coverage, as well as expand its international footprint within Europe and further afield. It will also accelerate its internal talent acquisition as part of its quest to bring together the best collection of professional services recruiters in the world.

In addition, Dartmouth will benefit from the strengthening of its senior team, with the appointment of Jess Watts as non-executive Chairman and Neil Cartwright as CFO. Jess was formerly the CEO of recruitment company R4S, which he grew to £300m of revenue when the business was sold in 2011; more recently he has acted as Chairman of several other growth businesses. Neil was previously CFO of PurpleBricks, the online estate agency, from an early stage through a rapid growth period and a successful IPO in 2015; prior to PurpleBricks, Neil was a Divisional Finance Director at Capita plc.

Logan Naidu remains as Chief Executive Officer and Gavin Sharpe will continue in his role as Non-Executive Director.

Discussing the investment from Literacy Capital, Dartmouth’s CEO, Logan Naidu, said, “I’m tremendously proud of the team we’ve managed to build in a short space of time, and the successes we’ve shared along the way. We’ve assembled one of the largest and strongest teams to focus on the City’s most prestigious sectors which gives us unrivalled insight into a premium candidate pool of rising stars and future leaders. I hope we’ve raised the bar. In Literacy Capital, we have found a partner who shares our excitement in the opportunities ahead, and we look forward to flourishing in our collaboration with them.”

Literacy Capital’s Chairman and former Capita CEO, Paul Pindar, commented, “We look forward to working with Logan and the Dartmouth team. Logan has terrific ambition and the business has great potential. The next few years are likely to be a very exciting journey and we will provide all of the support that we can.”

You can access the press release here.

 

About Literacy Capital (www.literacycapital.com)

Literacy Capital is a closed-end investment company focused on investing in and supporting small, growing UK businesses and helping their management teams to achieve long-term success. The company was formed in September 2017 by Paul Pindar, former CEO of Capita plc, and Richard Pindar. Its investment strategy is broadly a continuation of the successful strategy employed by the executive members of the Board over the last 8 years. The team’s core focus is investing in businesses where a clear route to creating additional value can be seen.

In addition, Literacy Capital plc has a charitable objective and has committed to giving away 0.9% of net assets annually to projects and organisations that advance children’s literacy.

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