A recruitment marketplace co-founded by Telstra director Bridget Loudon and backed by AirTree Ventures is gearing up to make a major acquisition, tapping Highbury Partnership to hunt a capital partner.
Expert360, a platform that matches skilled contract workers with employers like Atlassian, Qantas, AirTrunk and Westpac, is seeking $25 million to fund the cash component of the acquisition, which it projects will turbocharge earnings to $26 million.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com