Syft expands into hospitality with acquisition of PBL Chefs

Flexible staffing platform Syft has announced the acquisition of the culinary recruitment agency PBL Chefs.

Operating across the hospitality sector with 600 chefs working at all levels, PBL Chefs provides staff to a range of prestigious brands, such as the Hurlingham Club, Delaware North and Mews of Mayfair.

The exact terms of the deal are not being disclosed publicly, though it consists of a cash and shares-based arrangement, which involves all of the company’s current team joining Syft. It represents the first acquisition made by the London-headquartered firm.

PBL Chefs managing director and former chef Phil Houlihan joins Syft as chef director, heading the department that is responsible for around 1,000 chefs across the UK post acquisition. The deal represents a further expansion into the hospitality sector for Syft, which has to date raised £8.75m in funding from investors such as Creandum, PROfounders Capital, Lord Young, David Haye and others.

Syft was launched in November 2015 by Jack Beaman and Novo Abakare.

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