Kinnevik AB (publ) (“Kinnevik”) today announced that it is investing USD 115m in Jobandtalent, a workforce marketplace that matches workers with temporary roles – aiming to make the labour market more fluid and accessible by tearing down the barriers to job searching and hiring.

Jobandtalent has developed proprietary job matching technology to match workers with temporary roles at companies in a range of sectors including logistics, e-commerce, warehousing, and manufacturing.

Digitalisation and globalisation are forcing employers to adapt to new ways of working, and societal pressures are being placed on companies to embrace a larger share of responsibility for temporary workers that make possible many of the new and innovative services provided in some of Kinnevik’s focus sectors. Within consumer services, Kinnevik has increasingly focused on managed marketplaces that help solve a highly fragmented supply of products and services, and enabler businesses that help alleviate pain points in consumer-facing businesses. The Jobandtalent opportunity sits at the intersection of these themes.

Jobandtalent’s goal is to make it easy for people to find regular, dependable work and have the security and perks typically associated with full time employment – including pensions, sick and holiday pay, and training courses. Workers can apply for and manage roles, submit paperwork, sign contracts, and get paid entirely within the Jobandtalent app. The company is headquartered in Madrid and currently operates in 9 markets with more than 1,300 companies using the platform. Over 100,000 workers have used Jobandtalent to find temporary roles in the first nine months of 2021 alone.

Natalie Tydeman, Senior Investment Director of Kinnevik commented: “We are thrilled to invest in Jobandtalent and support their innovation in the modern labour market through their workforce-as-a-service platform, and placing people back at the centre of employment as Jobandtalent accelerates the growth of their business.”

Juan Urdiales, co-founder and CEO of Jobandtalent commented: “We are delighted to have Kinnevik support us on the next stage of our journey. Kinnevik has an impressive track record in building successful and sustainable global businesses, and shares our long term view and our ambition to have a real impact on the lives of workers all around the world.”

Kinnevik led the USD 500m financing round with an investment of USD 115m for a 5% percent stake joined by SoftBank Vision Fund 2. The round ascribes Jobandtalent a valuation of USD 2.35bn. The funding will be used to accelerate the company’s expansion in key markets such as the United States, significantly increase the size of its tech and sales teams over the next two years, and add key executive roles. Jobandtalent is growing by 130% annually and is EBITDA profitable.

For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press@kinnevik.com

Kinnevik’s ambition is to be Europe’s leading listed growth investor, and we back the best digital companies for a reimagined everyday and to deliver significant returns. We understand complex and fast-changing consumer behaviours, and have a strong and expanding portfolio in healthtech, consumer services, foodtech and fintech. As a long-term investor, we strongly believe that investing in sustainable business models and diverse teams will bring the greatest returns for shareholders. We back our companies at every stage of their journey and invest in Europe, with a focus on the Nordics, and in the US. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.

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3i Group plc (“3i Group”) announces that it has agreed to invest $120m of equity in Wilson Human Capital Group (“WilsonHCG”), an award-winning global leader in talent solutions.

Headquartered in Tampa, Florida, WilsonHCG is a global business with offices throughout North America, Europe and Asia. The company provides a full suite of configurable talent solutions including recruitment process outsourcing (“RPO”), executive search, contingent talent solutions and talent consulting. The Company has operated as a strategic partner to some of the world’s most admired brands in helping them plan and execute on talent acquisition on a global basis.

WilsonHCG is widely known for its high-performance culture including its core values of collaboration, ownership, integrity, passion and communication. As a result, the Company is recognised as a leader by various industry trade associations such as HRO Today, Everest Group, NelsonHall and SIA and has also won a Gold Stevie Award and the Best Onsite RPO award in recent years.

The recruitment process outsourcing sector, which is one of WilsonHCG’s core areas of focus, has grown at a double-digit growth rate due to continued outsourcing adoption by new clients, further penetration with existing clients and increased hiring driven by greater employee mobility. Post the Covid-19 pandemic, the market is expected to return to historical levels of growth as companies increasingly value the superior outcomes, flexibility and efficiency that RPO providers such as WilsonHCG provide their clients.

Andrew Olinick, Partner, 3i, commented: “We are delighted to be backing John and his management team and investing in WilsonHCG. We have tracked the RPO space and WilsonHCG for several years. WilsonHCG’s high-performance culture and deep commitment to driving superior outcomes for its clients give us conviction that the Company will continue to grow rapidly in its markets. The business is highly regarded and is continuing its international expansion journey, following the recent acquisition of Profile in Asia, where we see the opportunity for WilsonHCG to serve its clients across all talent acquisition solutions.”

John Wilson, Founder and CEO, WilsonHCG, added: “We have known the 3i team for a number of years and they have demonstrated a clear commitment to investing in our space. There is a strong cultural fit between our organisations and a shared ambition to continue building WilsonHCG into the global talent solutions leader. Further, 3i’s international network will enable us to continue expanding our already global footprint so we can serve our customers in even more international locations.”

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For further information, contact:

3i Group plc

About 3i Group

3i is an investment company with two complementary businesses, Private Equity and Infrastructure, specialising in core investment markets in Northern Europe and North America.

3i’s Private Equity team provides investment solutions for growing companies, backing entrepreneurs and management teams of mid-market companies with an EV typically between €100m – €500m. We back international growth plans, providing access to our network and expertise to accelerate the growth of companies across the consumer, industrial, healthcare and business and technology services industries.

For further information, please visit: www.3i.com

About WilsonHCG

WilsonHCG is an award-winning, global leader in total talent solutions. Operating as a strategic partner, it helps some of the world’s most admired brands build comprehensive talent functions. With a global presence spanning more than 65 countries and six continents, WilsonHCG provides a full suite of configurable talent services including recruitment process outsourcing (“RPO”), executive search, contingent talent solutions and technology advisory.

TALENT. ™ It’s more than a solution; it’s who we are.

Regulatory information

This transaction involved a recommendation of 3i Corporation, a US wholly owned subsidiary of 3i Group.