Wilson Human Capital Group in Tampa has received a $120 million equity investment from 3i Group plc.
The funding will accelerate WilsonHCG’s strategic growth initiatives and continued global expansion, a news release said.
When British-based 3i Group announced the deal in February, it said WilsonHCG’s recruitment process outsourcing sector has grown at a double-digit rate due to continued outsourcing adoption by new clients, further penetration with existing clients and increased hiring driven by greater employee mobility. Post the Covid-19 pandemic, the market is expected to return to historical levels of growth, 3i said in a news release.
“We’ve known the 3i team for a number of years and they’ve demonstrated a clear commitment to investing in our space. There is a strong cultural fit between our organizations and a shared ambition to continue building WilsonHCG into the global talent solutions leader,” said John Wilson, founder and CEO of WilsonHCG.
WilsonHCG has a presence spanning 65 countries and six continents. The company will focus on deeper market penetration in regions where it’s seeing increasing demand for its services, according to the news release. It also will continue to build out service offerings through strategic hires or potential acquisitions, particularly as it relates to a total talent approach to hiring and future of work transformation in organizations.