Engagement — Platform Due Diligence
Code & Co. provides Tech & Product DD to ECM-managed fund ahead of the investment in tech-enabled talent acquisition specialist ONE HIRING.
German Equity Partners V (‘GEP V’ or the ‘Fund’), a fund managed by independent German investment company ECM Equity Capital Management GmbH (‘ECM’), has entered into a partnership investment with the Duesseldorf-based tech-enabled talent acquisition specialist ONE HIRING Group (‘1H’).
1H focuses on permanent placements in the verticals Tech and Finance and recently expanded into Legal. 1H follows a differentiated “hybrid” recruitment model combining its self-developed tech platform with the personal human touch of traditional recruiting firms.
Scope of Work
Code & Co. provided Tech & Product Due Diligence to GEP V. The scope included assessing 1H’s unique technology platform, its architecture, tech choices, scalability and deployment. Code & Co. further evaluated the company’s moats, KPIs, and growth strategy with an emphasis on continuously increasing automation, output, and efficiency.
About the ONE HIRING Group
ONE HIRING is a tech-enabled talent acquisition platform focused on permanent placements in the verticals Tech and Finance and recently expanded into Legal. Starting as a traditional recruitment firm over a decade ago, 1H has successfully digitized its business model. Today, the company follows a differentiated “hybrid” recruitment model combining elements of digital-only platforms with the personal human touch of traditional recruiting firms. Services are supported by a self-developed tech platform that partially automates processes thereby increasing scalability and operational efficiency. 1H counts many well-known IT and accounting firms to its customer base. It operates in a highly fragmented and growing market which is supported by structural tailwinds including increased job mobility and shortage of skilled labour. The group employs more than 160 people and operates across Germany, the UK and the US.
Further information at: www.onehiring.com
About ECM Equity Capital Management GmbH (‘ECM’)
ECM is a trusted growth partner for mid-sized enterprises and entrepreneurs in German-speaking Europe. Since 1995, ECM has raised the private equity funds GEP I-V with aggregate equity commitments of more than €1 billion and currently invests out of the fifth fund GEP V (€325 million). The funds invest primarily in leading mid-market companies with attractive growth potential in the context of ownership successions, partnership transactions and corporate spin-offs.
Further information at: www.ecm-pe.de
About Code & Co.
Code & Co. is an independent advisory firm that specializes in providing modern, actionable Tech & Product Due Diligence for the global alternative investment industry. Our expertise uncovers risks that threaten asset value and opportunities to accelerate growth.