We are pleased to share that ThinkWorkforce , one of our high-growth portfolio companies, has been acquired by Bluestones Group .
We have achieved our objective of developing and scaling the ThinkWorkforce business and are delighted to exit the investment successfully. We are confident that, under the Bluestones Group’s umbrella and with the executive leadership of Harj Dadrah and Nana Mayosi driving the business, they can go on to even greater heights.
Alex Fenton, Group CEO at Effer Ventures commented:
“We are delighted with the completion of the sale of ThinkWorkforce to Bluestones. The business has been able to consolidate and grow within our portfolio, but for the next stage of its growth, we felt that it needed the right growth partner. Bluestones has a fantastic track record and are perfectly positioned to take ThinkWorkforce to the next level, so the transaction makes a lot of sense from all sides.”Bluestones Group CEO, Steve Pendergast commented:
“As we continue on our acquisition trail, we’re also further branching out internationally, with ThinkWorkforce being the second business in our portfolio to have non-UK operations. There are clear synergies between ThinkWorkforce and other businesses within our portfolio, and our ability to provide sector-specific, market-leading support services, will help the business thrive”.
For more information:
https://bluestonesgroup.co.uk/bluestones-group-acquires-thinkworkforce/