PR97049

LONDON, July 18, 2022 /PRNewswire=KYODO JBN/ --

Phaidon International, the professional services firm focused on identifying,

sourcing and securing business critical talent to roles across more than 4,000

clients, has entered into an agreement to be acquired by a global investor

consortium led by funds managed by Further Global.  The investment will see

Phaidon's current sponsor Quilvest Capital Partners exit the business, with

management retaining a significant stake. Further Global's investment,

supported by client funds from Neuberger Berman, Pictet and OPTrust, will

continue to fuel Phaidon's growth which will see the business scale to beyond

1,400 staff and 15 offices around the world by the end of 2022.

Harry Youtan, Chief Executive Officer commented, "Quilvest have been a

fantastic partner for our business over the last four years.  Their sponsorship

has been invaluable to us as we have grown and scaled our commercial platform,

whilst deepening our sector expertise.  Looking forward, we are excited to

partner with Further Global alongside a truly special group of investors whose

experience, network and sophistication is impressive and will help our

acceleration over the next phase of our journey."

Phaidon International operates a deliberate brand strategy that delivers talent

to sectors including Financial Sciences, Supply Chain, Life Sciences,

Engineering, Technology and Regulatory & Legal.  The company deploys its

capabilities across its existing network of offices, with a number of other

locations planned.

Olivier Sarkozy, Founder and Managing Partner of Further Global, added, "We

really look forward to partnering with Harry and the Phaidon Team. In addition

to Phaidon's exceptional financial performance, market positioning and

differentiated business model; is the quality of the Phaidon's management team,

who has engineered the firm's differentiated value proposition.  We very much

look forward to supporting them as they continue to scale the business."

Further Global Partner, Max Baumrin added: "Phaidon has differentiated itself

by understanding its client's needs and consistently delivering a quality

product. As a result, we believe that Phaidon will continue to take share by

expanding both geographically and across business lines, a strategy that we

look forward to supporting."

Jay Takefman and Thomas Vatier, Co-Heads of Direct Private Equity at Quilvest

Capital Partners, commented, "Our journey with Harry and the Phaidon Team has

been a brilliant relationship as the business has grown and evolved. It is rare

to partner with a business that delivers such exceptional organic growth and

operates with the level of discipline and rigor which Phaidon does. We are

proud to have been part of such an incredible story, and are excited for

Phaidon to achieve its ambitions".

Benjamin Sass, Partner at Quilvest noted, "We are extremely proud of the

performance of the business and to have helped Phaidon's continued growth over

the last 4 years."

Phaidon was advised by Lazard as financial advisor and Travers Smith & Dechert

as legal counsel.  Further Global was advised by Kirkland & Ellis as legal

counsel.  Debt financing for the transaction was provided by Churchill Asset

Management.

Specific financial terms are not disclosed.

About Further Global Capital Management [https://www.furtherglobal.com/ ]

Further Global Capital Management is an employee-owned private equity firm that

makes investments in businesses within the business services and financial

services industries. Further Global seeks to be a true partner with the

management teams with whom it invests with an objective to be the "Capital

Partner of Choice" to the industry. Further Global seeks out situations in

which its extensive network, operational expertise and capital can drive

significant value. Further Global has raised over $2.2 billion of cumulative

committed and invested capital. For more information, visit

www.furtherglobal.com .

About Quilvest Capital Partners

Quilvest Capital Partners ("Quilvest") is the investment arm of the Quilvest

Group, a leading, global, independent financial group born from an industrial

success more than a century ago in Paris. As part of its direct private equity

activity, Quilvest partners with talented managements teams to support their

growth, in Western Europe and in the United States. With a team of 15

professionals based in Paris and New York, the direct private equity team takes

majority or controlling minority positions through equity tickets between $20

and $80 million. The team targets to deploy between $100 and $150 million per

year, in off-market or pre-process situations where Quilvest offers

differentiated value through its manager-friendly positioning, its Family DNA,

its flexible timing horizon and/or its international networks.  Quilvest

Capital Partners also manages a wide array of investment programs in funds,

real estate and private debt. As of H1 2022, Quilvest Capital Partners manages

around $7 billion of assets. For more information, visit

www.quilvestcapitalpartners.com　

SOURCE: Phaidon International