2022

Year

Sell-Side

Transaction Type

Human Capital

Sector

SourceBreaker

Client

Bullhorn

Acquirer

SourceBreaker | Bullhorn

finnCap Cavendish, part of finnCap Group plc, is pleased to announce it has advised on the sale of SourceBreaker, an award-winning search and match technology for recruiters, to Bullhorn, the global leader in software for the staffing industry.

Founded in 2014 by CEO Steve Beckitt, SourceBreaker has grown rapidly to become the leading provider of AI-driven search and match technology to recruitment agencies in the UK. SourceBreaker’s intuitive solutions increase recruiters’ productivity and help identify the best talent across internal and external databases.

The SourceBreaker senior leadership team, including Steve Beckitt and Adam Dale (CRO), will continue to lead the Company post the transaction.

The deal was led by Mark Kingston, Partner and Head of Human Capital M&A at finnCap Cavendish, supported by Sam Kavanagh and Tom Holland-Hibbert.

Steve Beckitt, Founder-CEO of SourceBreaker, commented:

“We created SourceBreaker to change the way recruiters search. Now more than ever, our products can help expand the pool of talent and identify better matches between candidates and jobs. We’re incredibly excited to expand our reach by joining forces with Bullhorn, and we’re all looking forward to joining the team.

Matt Fischer, President and COO of Bullhorn, commented:

“We’re committed to helping solve our customers’ most pressing challenges, and at the top of the list right now is finding talent in today’s tight labor market. We believe the addition of SourceBreaker’s solutions to our portfolio will help staffing firms meet this challenge head-on by increasing recruiters’ productivity and ultimately boosting their fill rates. As a successful Marketplace partner, SourceBreaker already serves hundreds of Bullhorn customers, and we look forward to bringing their solutions to even more of our customers.”

Mark Kingston, Partner & Head of Human Capital M&A at finnCap Cavendish commented:

“We are delighted to have advised Steve and his team on this significant transaction in the Human Capital sector. The deal showcases our deep sector knowledge and understanding and also demonstrates our ability to close large cross-border M&A deals against a tightening macroeconomic backdrop.”

Key Contacts

Mark Kingston

Partner, Head of Human Capital M&A

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Sam Kavanagh

Associate Director

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Tom Holland-Hibbert

Senior Analyst

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