Recruitment Entrepreneur announces sale of shares in Elite Cyber to Eurocom Group
Recruitment Entrepreneur (RE), a private equity firm specialising in the startup and scale of recruitment businesses, today announced the sale of their shares in a leading global cybersecurity recruitment services company Elite Cyber (EC).
Eurocom Group, a Luxembourg-based investor has bought RE’s stake in Elite Cyber. This will add to their already extensive portfolio of investments within Luxembourg, France, Belgium and Switzerland.
RE invested in EC in 2016, with the business already having built a strong reputation in France. With RE’s investment and partnership, EC has grown in the UK, Europe, and the US and established a formidable team that excels in sourcing top talent on a global scale.
The Founder and CEO of EC, Laurent Halimi said, “Being welcomed into the RE portfolio fast-tracked our growth and the partnership enabled the business to navigate and overcome significant challenges and milestones. Their invaluable support helped deliver an incredible six years of continuous growth, collaboration, and innovation, where we positioned ourselves as a leading presence in the cybersecurity industry. We’re thankful RE has helped facilitate our success and now stand fully equipped to continue the growth of EC”.
Greg Hollis, CEO of RE, commented “We’re excited to share such a positive achievement. Since partnering with Laurent there’s always been a clear vision and focus for them to become one of the most successful firms in their sector. His unwavering drive and focus have prepared him to lead his team as a self-sustaining entity. Laurent has always had an entrepreneurial drive which was evidenced when winning Entrepreneur of the Year award at the RE Excellence Awards in 2021. After leveraging our expertise and mentorship there’s no better time for Elite Cyber to take the next step for their future growth".
“The past 6 years have been very rewarding for everyone, and as they embark on their next chapter, we’re proud to have been part of their story and we extend our warmest wishes for continued success and prosperity to Laurent and his team”.
This exciting announcement is the latest example of RE growing and exiting a successful business and helps secure RE’s track record as the leading investor in the recruitment sector.
