Quilvest is proud to announce that Phaidon International, the professional services firm focused on identifying, sourcing and securing business critical talent to roles across more than 4,000 clients, and a company in its Direct PE's Club Fund I portfolio, has entered into an agreement to be acquired by a global investor consortium led by funds managed by Further Global. The investment will see Quilvest 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.

"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."

Harry Youtan Chief Executive Officer

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.

"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."

Olivier Sarkozy Founder and Managing Partner of Further Global

"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."

Max Baumrin Further Global Partner

"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."

Jay Takefman & Thomas Vatier Co-Heads of Direct Private Equity at Quilvest Capital Partners

"We are extremely proud of the performance of the business and to have helped Phaidon’s continued growth over the last 4 years."

Benjamin Sass Partner at Quilvest

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.