The Business
Ellis Recruitment Group is a specialist IT recruitment consultancy serving the Global Enterprise Resource Planning resourcing market. The business was founded in 2010 and has since grown to become a specialist leader in Oracle and SAP consultant placements. Operating under distinct brands, Ellis has established a strong presence in Europe and North America, utilising its proprietary database of software consultants to cater to blue-chip clients across various industries. The market for ERP consultants is experiencing strong and sustained growth, driven by regular upgrade cycles and the migration from on-premise to cloud-based solutions. Ellis provides a business-critical service in delivering high-quality consultants to the underserved and complex market.
The Deal
Mobeus invested £9.5m in a combined debt and equity package to become a significant minority shareholder in Ellis, and support the strategic growth of the business. Alongside newly appointed Chair, recruitment industry-veteran Andy McRae, Mobeus will support Ellis’s existing management team led by ambitious CEO, Jason Howlett.
The Plan
Mobeus’s investment will enable the business to extend its coverage across Europe and North America by pursuing an accelerated hiring strategy, whilst continuing to be a specialist in Oracle and SAP contract resourcing. Mobeus is able to leverage its deep expertise in developing specialist B2B human capital-focused businesses in support of these plans.
