Goodwin's Germany team has advised German Equity Partners V (“GEP V””), a fund managed by the German investment company ECM Equity Capital Management GmbH (“ECM”), on entering into a partnership investment with the Duesseldorf-based tech-enabled talent acquisition specialist ONE HIRING Group (“1H”).
1H focuses on permanent placements in the verticals of tech and finance and recently expanded into the legal market. The company follows a differentiated hybrid recruitment model combining its self-developed tech platform with the personal human touch of traditional recruiting firms. Together with its new partner, the 1H team headed by co-founder and CEO Julian Schubert plans to continue its success story and to further strengthen its position in a fragmented market.
Jointly with a group of key employees, Julian Schubert will re-invest into the company and will continue to lead and develop the business.
ECM is a trusted growth partner for mid-sized enterprises and entrepreneurs in German-speaking Europe. Since 1995, ECM has raised the private equity funds GEP I-V with aggregate equity commitments of more than €1 billion and currently invests out of the fifth fund GEP V (€325 million). The funds invest primarily in leading mid-market companies with attractive growth potential in the context of ownership successions, partnership transactions and corporate spin-offs.
The parties have agreed not to disclose further details of the transaction.
Our team included Partner Winfried M. Carli (Finance/ Private Equity, Munich), Associate Marius Garnatz (Finance/ Private Equity, Frankfurt), Senior Transaction Lawyer Anna Zoth (Finance/Private Equity, Munich) as well as Partner Oded Schein and Associate Philipp Lauer (both Munich, both Tax).