Thanks to its 25 years of recruitment activity in London and its longstanding relationships with trusted and prestigious clients, Citifocus has built a well-established brand reputation and awareness. Its areas of expertise range across a wide spectrum of the financial service sectors to include banking and fund management, excellently complementing In Job’s existing global businesses.
Christine Looker, founder and MD of Citifocus said: “This is an exciting time for the company; Citifocus has built an excellent track record and impressive client base as an independent firm over the last 25 years. The moment has now arrived to expand our horizons internationally and with the backing and support of In Job, we are looking forward to continuing to build our brand and develop the business across the globe.”
In Job Group was founded in 2001 in Verona, Italy and has become one of the leading companies in Staffing and Recruitment. Throughout 2017, it has continued to develop both in Italy and overseas, providing skilled professionals across various business sectors and particularly focusing on mid-market enterprises with an ambition to expand internationally. In Job operates in 3 continents, through 23 offices, with 3,000 employees and a turnover in excess of GBP 50 million.
Carlo De Paoli, Founder, and Chairman of In Job commented: “We are so pleased to have made this acquisition as it aligns with our strategy to develop specific competencies in the Financial market. We are ready to invest in order to expand the presence of Citifocus in London, Milan, New York and Shanghai.”
Optima Corporate Finance initiated the transaction and advised the Citifocus shareholders. Optima’s Director Philip Ellis commented: “We knew that In Job were keen to establish a presence in the London Financial market and Citifocus represents an ideal platform on which to build.”
'The vendors were advised by Yorkshire based boutique M&A practice, Crooks Commercial Solicitors and the buyer by London based practice, Belluzzo & Partners.