Bryan, Garnier & Co advises Jobpartners, a leading people and talent management SAAS Provider, on ITS sale to Taleo
Share the transaction
London, June 24th, 2011 – Bryan, Garnier & Co, the pan-European investment bank focused on growth companies, is proud to announce that it has acted as sole financial advisor to Jobpartners on its sale to Taleo Corp (NASDAQ: TLEO) for $38 million in cash.
Headquartered in the UK with nine offices in Europe and in the US, Jobpartners was one of the first companies to provide a comprehensive, global people and talent management solution on a Software-as-a-Service (SaaS) platform. The company’s integrated suite of applications has been deployed by large multinational organisations in over 50 countries worldwide, including Adidas, Carrefour, Credit Agricole, Deutsche Post-DHL, Nationwide, Nike, Rabobank Group and Xerox, to manage the recruitment and development of talent.
“We have been impressed by the capabilities of the Jobpartners team and the close relationships they have built with their large and sophisticated Europe-based customers. This acquisition creates an opportunity for us to accelerate our expansion outside of North America by increasing our customer base, increasing our local sales and support capacity as well as taking advantage of the Jobpartners Eastern European development centre,” said Michael Gregoire, Chairman and CEO of Taleo. “With our expertise and skills, and Jobpartners’ experienced employees, we have the unmatched ability to serve and expand our combined base of European customers.”
Bruno Tourme, Managing Partner and Head of Technology Corporate Finance at Bryan, Garnier & Co, stated: “We are proud to have supported Jobpartners in this key transaction within the dynamic human resource management software space. Jobpartners is a uniquely strong player within the European talent management market, and is a valuable addition to Taleo’s on-demand solution set. The combination of Taleo and Jobpartners creates an undeniable leader in the European market with exceptional global capabilities. This transaction fully demonstrates not only Bryan Garnier’s strength in advising leading European software companies, but also our cross-border deal expertise.”
“Jobpartners proven experience in handling the complex talent management processes of larger international companies as well as its blue chip customer base makes the company a very attractive acquisition for Taleo. We are pleased that we were able to assist our historical client Jobpartners in the next stage of the company’s evolution,” emphasized Marie Kluth, Director, Corporate Finance at Bryan, Garnier & Co.
This deal represents the completion of Bryan Garnier`s fifth corporate finance transaction in the software sector alone this year.
The transaction is expected to close in the quarter ending September 30, 2011 subject to customary closing conditions.
For more information, please contact:
- Bruno Tourme / Managing Partner, Head of Technology / +44 20 7332 2551 / btourme@bryangarnier.com
- Marie Kluth / Director / +44 20 7332 2539 / mkluth@bryangarnier.com
About Jobpartners
Jobpartners’ solutions help organisations effectively attract, connect, develop and retain the quality people they need to remain competitive in today’s global business environment. Working for clients such as Carrefour, Deutsche Post DHL, Nationwide, Nike, Rabobank Group and Xerox, Jobpartners provides talent and people management solutions in more than 50 countries across all industries and in 28 languages.
About Taleo
Taleo’s (NASDAQ: TLEO) cloud-based talent management platform unites products and an ecosystem to drive business performance through Talent Intelligence.™ Approximately 5,000 customers use Taleo for talent acquisition, performance, learning and compensation management, including 47 of the Fortune 100. Further, Taleo’s Talent Grid cloud community harnesses the expertise of Taleo customers, more than 200 million candidates to date, and 140 partners and industry experts.