PE firm Permira takes majority stake in Cielo

Recruitment process outsourcing (RPO) firm Cielo has announced a definite agreement with global private equity firm Permira, which will see Permira take a majority stake in the RPO.

Cielo says the new investment will support the next phase of its growth. Commenting on the deal, Sue Marks, Cielo CEO and founder, said: “With the Permira funds’ support, we’ll continue to expand into new geographies and invest in innovation and technology, while delivering creative, strategic solutions, like total talent acquisition, that meet and anticipate the evolving needs of our clients. 

“The partnership also will support investments in our own people to ensure that the Cielo culture is one that attracts, develops and inspires the world’s best recruiting talent.”

Marks and the rest of Cielo’s senior management team will continue in their current roles.

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