Hanover Search Group has completed the acquisition of a 50 percent share in growing leadership and talent consultancy Talent ID.
The worldwide executive search organisation will utilise the expertise and experience within Talent ID to provide added value services to its existing clients while also supporting the expansion of the London-based business in the UK and international markets.
Founded in 2014 by Richard Waddell, Talent ID helps leaders, teams and organisations increase performance through its assessment and development programmes alongside its talent management expertise.
Richard has worked with leaders at all levels, from advising FTSE businesses on CEO selection through to developing NHS front-line nurses. He is accredited in a wide range of tools and psychometrics, and is a highly-experienced assessor, facilitator and coach.
Having developed a network of experienced consultants, including occupational and clinical psychologists, Talent ID has quickly established a reputation for its professional services across a range of sectors, including technology, banking and wealth management.
Hanover Search Group, which has its headquarters in London and offices in locations including New York, Los Angeles, San Francisco and Dublin, operates in the financial services sectors. It also has a presence in Hong Kong, Singapore, Shanghai and Beijing, through its partner company ALS International.
Recognised as one of the top ten global boutique search firms serving the international financial service markets, Hanover Search Group supports clients in areas such as asset management, banking, insurance and wealth management.
Advising Hanover Search Group in the share purchase was Carl Swansbury and Alex Simpson from RG Corporate Finance with legal advice from Claire Willcock and Adam Rayner from Muckle LLP. Talent ID was advised by David Hughes of Canopy Law.
James Emmett, CEO, Hanover Search Group, said: “In the short time since it was founded Talent ID has proven to be valuable resource for businesses and individuals and we recognise the benefits it can bring to our global client base. We are also keen to support Talent ID’s continued growth as it becomes established in our group of companies benefiting from our extensive client network and market reach.”
Richard Waddell, founder and Director of Consulting at Talent ID, said: “This is a significant step forward in the development of Talent ID and an opportunity to exponentially grow our market penetration as part of a highly-respected and global company. There are some strong synergies between the two businesses, particularly based on our experience in the financial sectors, which we are confident we can build upon to deliver mutual success in the future.”
Alex Simpson, CF Senior Manager at RGCF, said: “This acquisition demonstrates the strategic benefit of combining established organisations with agile, young businesses, which can add value to both companies, along with their clients. Supporting Hanover Search Group’s ambition to increase its market position, with the addition of innovative services and expertise, it also provides a springboard for growth for Talent ID through access to support infrastructure and investment.”