HeadFirst Group delivers a suite of HR services tailoring to the needs of large and mid-size enterprise clients in the private and public sector, with over 20,000 highly skilled professionals active daily. It has a proven track record of strong organic and M&A growth, doubling its size over the past two years to over two billion revenue today.
The group’s core market segments of Managed Service Providers (MSP) and sourcing of STEM-profiles continue to show positive momentum, as per the company’s press release. With an established presence in the Benelux, HeadFirst Group sees ‘ample opportunities’ to expand in Europe. Now, with IceLake’s financial commitments, it appears there is a foundation in place to back these ambitions.
‘Taking strategic goals across Europe’
IceLake’s initial investment is part of a broader funding commitment towards the HeadFirst Group international M&A roadmap.”We are very pleased to welcome IceLake as a strong investor, besides our financing partner Kartesia and our founders”, Han Kolff, Chairman of the Board of HeadFirst Group said. “It confirms our employees’ achievements in professionalizing our organization’s solid growth in the past years. With IceLake onboard, we will be able to realise our strategic goals across Europe.”
“We look forward to work with their experienced board and management team to realise their ambitions.”
“We are excited to back HeadFirst Group, as we appreciate their development into a company with a unique and market leading position in HR services”, Bastiaan Hagenouw of IceLake added. “We look forward to work with their experienced board and management team to realise their ambitions and providing its innovative, value-added solutions to an even wider range of clients, suppliers, and professionals.”
Eyeing internationalisation
The investment comes on the back of HeadFirst’s acquisition of Belgian award-winning HR-tech company ProUnity earlier in July. Throughout all of HeadFirst’s actions, the goal of internationalisation is abundantly clear. ProUnity serves over forty clients, mostly large profit companies and Belgian organisations in the public domain. HeadFirst Group already has a Belgian office since 2016. With the addition of ProUnity, it triples its existing business in Belgium.
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