Dartmouth announces a new partnership with Pure Search; a deal backed by investor, Literacy Capital.
Pure, a leading recruiter in sectors including Tax, Legal, Risk & Compliance, has been led by Chris Nelson and Charles Ferguson for the past 20 years. It has grown to have offices in London, New York, Berlin, Hong Kong and Singapore, with the shareholders looking at how best to maximise the potential of the business in the future.
Following Literacy’s investment in Dartmouth last year, the partnership with Pure allows Dartmouth to further broaden its sector coverage, as well as expand its international footprint within Europe and further afield.
As a combined business, we will continue to go from strength-to-strength, inhabiting the premium end of the recruitment market in specialist sectors that we lead. The businesses complement each other well and the partnership will also allow more significant investment to grow both brands further.
With a total group headcount of c.200, Dartmouth CEO, Logan Naidu will become Group CEO, leading the business through this exciting new journey and will continue to look for further acquisitions.
About Literacy Capital (www.literacycapital.com)
Literacy Capital invested in Dartmouth in June 2018 to support Dartmouth expand its proposition and footprint. Since last year, Dartmouth has expanded its presence in permanent and interim roles. They have also launched in Legal and Distribution. As a result of increased investment, Dartmouth has grown more than 30% year-on-year despite broader political uncertainty.
Literacy Capital is a private investment fund set up in 2017 whose Chairman, Paul Pindar, was also a founder of Capita plc in 1987. He helped to take this business from a valuation of £330,000 to £8.5 billion by the time he retired in 2014. Literacy Capital also has a unique philanthropic goal. Every year Literacy Capital donates 0.9% of the value of the fund to charities supporting literacy charities in the UK, including Bookmark – a charity set up by Sharon Pindar at the same time as the fund was established.
About Pure Search (www.puresearch.com)
Established in 1999, Pure is a privately-owned search and recruitment firm. They find the next leaders for businesses across the globe. Like the people they place and the companies they join, Pure’s consultants are experts who are passionate about what they do.
Pure serves clients in financial services, professional services and commerce & industry, across specialist practice areas: Tax, Legal, Finance, Compliance, Global Markets, Risk, Treasury, Human Resources, Technology, Sales and Engineering.