TMP Worldwide has closed its previously announced acquisition of Campbell, California-based CKR Interactive, an employer branding and recruitment marketing firm. No financial terms were disclosed. TMP Worldwide is a portfolio company of Gemspring Capital.
NEW YORK (PRWEB) APRIL 02, 2019
TMP Worldwide, a global leader in talent acquisition technologies, has acquired CKR Interactive, a leader in employer branding and recruitment marketing, based in Campbell, CA.
Sett & Lucas, a sector focused global investment bank, represented CKR Interactive in the transaction. “CKR Interactive’s business model was right in the middle of two of our sweet spots – Human capital and Digital Marketing. We believe TMP Worldwide is the perfect partner for CKR Interactive in its next phase of growth,” says Tyler Block, Managing Director at Sett & Lucas.
“The combination of TMP Worldwide and CKR Interactive comes at a critical time when companies are searching for the best solutions to recruit top talent,” said Michelle Abbey, CEO of TMP Worldwide. “This acquisition brings together something very powerful – the expertise of the best and brightest minds in talent acquisition, a deep commitment to helping our customers solve challenges in new ways, and a true passion to deliver value and innovation, better and faster.”
The company will continue to operate as CKR Interactive, but will be recognized as a TMP Worldwide company and led by its current President and CEO, Curtis Rogers.
“When two very like-minded entities come together, the results can only mean better outcomes for both our clients and employees,” said Curtis Rogers, CEO of CKR Interactive. “TMP has grown a fantastic business that helps organizations with the toughest talent acquisition challenges through innovative technology and creative. We are excited to expand our resources and capabilities to continue to deliver an excellent experience for our clients and employees.”
TMP Worldwide is a portfolio company of Gemspring Capital, a Westport, Connecticut-based private equity firm with $355 million of equity capital under management. TMP was formerly a division of Monster Worldwide, becoming an independent company in 2006.
“PPC, programmatic software, AI, Automation and social media management are all changing the way firms find and retain talent. Technology and Digital marketing will continue to play significant role in employer branding and recruitment marketing, global acquirers will continue to partner with specialist firms like CKR Interactive to expand into new markets,” says Prabhu Antony, Sr. Vice President at Sett & Lucas.
About TMP Worldwide
TMP Worldwide is a global leader in talent acquisition technologies, committed to finding new ways to leverage the TalentBrew platform, strategy and creative to build talent and enhance our clients’ employer brands – across every connection point. From healthcare to government to retail to technology and everything in between – we’ve revolutionized the way companies and candidates connect.
About Gemspring Capital
Gemspring Capital is a private equity firm with $355 million of equity capital under management that focuses on making control and structured equity investments in middle market companies headquartered in the United States and Canada. Gemspring partners with talented management teams and takes a hands-on approach to driving revenue growth and value creation. For more information, please visit http://www.gemspring.com.
About Sett & Lucas
Sett & Lucas (S&L) is a global independent financial institution, over 120 associates working out of seven countries deliver value to clients, by unlocking value (through investment banking and transaction advisory services), creating value (through the fund management business) and protecting value (through the regulatory compliance service – Zurik). S&L is a leader in Mergers & Acquisition and capital raise services to the Information Technology and Digital Marketing industries.