3i Group plc announced a $120 million equity investment in recruitment process outsourcing provider Wilson Human Capital Group Inc., which operates as WilsonHCG. The investment company will take a majority stake in WilsonHCG.
The transaction agreement has been signed but has not yet closed. There are no plans for executive changes; 3i is backing WilsonHCG founder and CEO John Wilson and his management team.
Headquartered in Tampa, Florida, WilsonHCG is a global business with offices throughout North America, Europe and Asia. The company provides talent solutions including RPO, executive search, contingent talent solutions and talent consulting. It operates across six continents and more than 65 countries in 50-plus languages.
3i Group, which invests in private equity and infrastructure, targets core investment markets in Northern Europe and North America. Its international network will enable WilsonHCG to continue expanding its global footprint.
“We have tracked the RPO space and WilsonHCG for several years,” said 3i Partner Andrew Olinick. “WilsonHCG’s high-performance culture and deep commitment to driving superior outcomes for its clients give us conviction that the company will continue to grow rapidly in its markets. The business is highly regarded and is continuing its international expansion journey, following the recent acquisition of Profile in Asia, where we see the opportunity for WilsonHCG to serve its clients across all talent acquisition solutions.”