June 21, 2022

Equity Firm Averna Buys Recruitment Company Stake in SI-UK

S Said to be worth £ 100 million, SI-UK, a recruitment company, has decided to invite bids for stakes. The winner of the stake is equity firm Averna. Reports had emerged that the deal was close, but it finally happened yesterday. According to news reports, other bidders for SI-UK stake included Navitas and IDP Education.

Sources also say that Averna is its first and only investor in SI-UK. Although the details of the sale is not yet known, sources say that Averna could invest a significant amount of money in SI-UK.

…the business offers an indispensable bridge between universities and students, and we are impressed with the international footprint across source markets it has built to date…

Stephen Green, partner at Averna said that his company was delighted to partner with Dwayne & Orion and support SI during its next phase of growth. He further added, “The business offers an indispensable bridge between universities and students, and we are impressed with the international footprint across source markets it has built to date.”

Although Avery will have a stake in the company, SI-directors UK's and co-founders, Dwayne Gallagher and Orion Judge, will remain "major" shareholders and continue to lead the firm in collaboration with investors.

A source from SI-UK was quoted as saying, “Utilising Averna’s sizable investment, SI-UK will be able to expand its operations, staffing, services, marketing and technology to more fully support client universities, and students globally.” Another source said that the company has built long-lasting relationships with the majority of UK universities and are consistently committed to offering them the best-in-class services.

In 2022, SI-UK expects to process 220,000 applications for 85,000 students, resulting in more than 18,000 enrolments.

Posted in Collaborations and tagged Collaborations, Averna, SI-UK, Dwayne & Orion, UK Universities, Enrolments
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