3i Group plc (“3i”) today announces that WilsonHCG, an award-winning, global leader in talent solutions, has acquired Personify, a leading provider of recruitment process outsourcing (“RPO”) services to specialised end markets including life sciences, pharmaceuticals, biotechnology, and healthcare. The total purchase price was not disclosed, but as part of the transaction, 3i will invest c.$7m of additional capital alongside a significant reinvestment from Personify’s management.
Headquartered in Raleigh, North Carolina, Personify offers a turnkey talent solution that spans the entire talent acquisition life cycle, including services such as labour market analysis, candidate marketing, sourcing, interviewing, assessments, overall candidate management, and onboarding. The company focuses on higher-end, more specialised roles, often for hard-to-fill or high-demand positions in its core end markets.
Personify is a leader in its core markets and well regarded for its service quality, partnership mentality with clients and its flexible delivery model. Personify has consistently grown at rates that are above the broader RPO industry, and forecasts continued strong growth over the next few years, capitalising on many of the same favourable tailwinds that have benefitted WilsonHCG, including increasing adoption of outsourced talent acquisition solutions.
The acquisition provides WilsonHCG with further exposure to the attractive life sciences and healthcare markets, which represent key growth markets for both companies. Personify also provides additional capabilities to better serve existing customers and to expand the types of services that WilsonHCG can offer in the market. WilsonHCG’s global presence (with resources in 65 countries) and breadth of talent solutions will allow Personify to better serve its existing customers, including internationally, which is a key differentiator in today’s competitive talent environment.
Today’s acquisition is the third for WilsonHCG since 3i’s investment in February 2021 and follows the acquisition of Claro Analytics, a labour market intelligence platform, in February 2022, and Tracking Talent, an RPO headquartered in South Africa, in October 2022.
Ryan Carfley, President and CEO, Personify, said: “We are very pleased to be joining WilsonHCG. I have known John Wilson for many years, and there is a great cultural fit between our organisations. The partnership will enable us to scale our presence in our end markets and deliver globally for our existing clients.”
John Wilson, CEO, WilsonHCG, said: “Personify operates in attractive, growing areas in the RPO industry and its highly specialised capabilities will be an asset to WilsonHCG. We look forward to welcoming Personify and working closely with Ryan Carfley and his team to support Personify’s growth ambitions, especially as it pertains to delivering solutions internationally.”
Rahul Lulla, Partner, 3i, said: “WilsonHCG and Personify have strong alignment with complementary business models and customer-first mentalities. We look forward to supporting the teams as they continue to deliver great results for their existing customers and win new accounts.”
