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Friday, December 2, 2022
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    SourceBreaker sold to Bullhorn

    finnCap Cavendish advises on latest sale

    Search and match technology SourceBreaker has been sold to Bullhorn, with advice from finnCap Cavendish. Founded in 2014 by CEO Steve Beckitt, SourceBreaker has grown rapidly to become the leading provider of AI-driven search and match technology to recruitment agencies in the UK. The business’ intuitive solutions are designed to increase recruiters’ productivity and help identify the best talent across internal and external databases.

    The SourceBreaker senior leadership team, including Steve Beckitt and Adam Dale (CRO), will continue to lead the Company post the transaction. The deal was led by Mark Kingston, Partner and Head of Human Capital M&A at finnCap Cavendish, supported by Sam Kavanagh (Associate Director) and Tom Holland-Hibbert (Associate).

    “We created SourceBreaker to change the way recruiters search,” notesSteve Beckitt, founder-CEO of SourceBreaker. “Now more than ever, our products can help expand the pool of talent and identify better matches between candidates and jobs. We’re incredibly exited to expand our reach by joining forces with Bullhorn, and we’re all looking forward to joining the team.

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    “The finnCap Cavendish team has achieved a truly outstanding result for our Shareholders. Their knowledge of our business, the sector and the buyer landscape, as well as their commitment throughout to the process, was critical to our success.”

    Matt Fischer, President and COO of Bullhorn, commented: “We’re committed to helping solve our customers’ most pressing challenges, and at the top of the list right now is finding talent in today’s tight labour market. We believe the addition of SourceBreaker’s solutions to our portfolio will help staffing firms meet this challenge head-on by increasing recruiters’ productivity and ultimately boosting their fill rates. As a successful Marketplace partner, SourceBreaker already serves hundreds of Bullhorn customers, and we look forward to bringing their solutions to even more of our customers.”

    Mark Kingston, Partner & Head of Human Capital at finnCap Cavendish added: “We are delighted to have advised Steve and his team on this significant transaction in the Human Capital sector. The deal showcases our deep sector knowledge and understanding and also demonstrates our ability to close large cross-border M&A deals against a tightening macroeconomic backdrop.”

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