Australia's Quintet invests in local recruitment business

Financial details have not been disclosed. Other investors included Therese Rein, the founder of Australia and UK-based employment services company Ingeus. Talent's founder, Richard Earl, will continue in his role as executive chairman and remain the largest shareholder.

Founded in 1995, Talent claims to be one of the fastest growing players in its segment with 16 international offices serving about 1,100 customers and generating more than A$550 million ($392 million) a year. Revenue is said to have grown 20% a year for the past 10 years. The company's Asia Pacific footprint includes six locations in Australia, as well as bases in New Zealand, Hong Kong and Singapore.

"We are excited about the quality of Talent's business, which has for more than two decades delivered consistent growth by focusing exclusively on its area of special competence, Douglas Farrell, founder and managing partner at Quintet, said in a statement. "We intend to further support the company's growth, both in existing and new markets internationally while upholding its socially responsible values and culture."

Prior to founding Quintet in 2016, Farrell headed M&A and real estate investment banking operations for Citigroup in Australasia, and before that worked for Lehman Brothers, Nomura Holdings, and Deutsche Bank. He has participated in more $100 billion of completed transactions in the past 15 years.

Quintet's debut private equity fund targets listed and unlisted companies with valuations in a range of A$20-200 million across Asia Pacific with an emphasis on Australasia. Focus areas include education, agriculture, tourism, infrastructure services, technology, and financial services. 

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• Topics
• Australasia
• Support services
• Expansion
• Australia
• professional services
• Technology
• Growth capital