MANCHESTER, UK – June 13th 2024 – Unseen Group, trading as
GradTouch Ltd, has received a landmark investment from Pelican
Capital, along with a multi-million-pound acquisition facility
from ThinCats. These funds will be used to accelerate organic
growth and pursue strategic acquisitions in the early careers
sector.
This infusion of capital equips Unseen with the resources to
expand its operations and enhance its portfolio with
cutting-edge Rec-Tech and Ed-Tech businesses. This will
bolster their market offering and drive their strategic
acquisition strategy.
Zac Williams, CEO of Unseen Group, expressed his
enthusiasm: "This is a monumental moment for Unseen, a
testament to our team's unwavering dedication and the
exceptional results we've achieved for employers,
universities, and early talent candidates globally."
He further added, "Our vision has always been
bold, and Pelican Capital's investment empowers us to
swiftly put that vision into action, offering a more
comprehensive and innovative suite of services to our trusted
customers and partners."
The transaction also introduces Gary Browning, former CEO of
Penna plc, as the non-executive Chairman, and John Swaite,
ex-CFO of Adept plc, as CFO. Richard Morrison from Pelican
Capital will join the board, reflecting the strategic
partnership forged through this investment.
Elliot Vickerstaff, Investment Manager at Pelican Capital
, commented: "We are thrilled to support Zac and his team
in building on their impressive achievements. With our
investment, they are poised to create a market-leading
platform in the early careers sector through a well-executed
strategic buy-and-build approach."
Additionally, this deal facilitates an exit for Maven Capital
Partners, who have been instrumental in supporting Unseen
since 2017.
Unseen Group was advised by Adrian Rogers at Glaisyers (Legal)
and MHA (Corporate Finance and Tax).
Pelican's investment was led by Richard Morrison and
Elliot Vickerstaff, with advisory services provided by K&L
Gates (Legal), Altenburg Advisory LLP (Debt), HMT LLP
(Financial and Tax), PwC (Corporate Finance), Claritas Tax
(Structuring), and Alembic Strategy (Management). Debt
provided by ThinCats.
About Unseen
Unseen Group is a collective of brands providing opportunities
and choices for the next generation talent. The Group has made
six acquisitions to date and consists of employability
consultancy experts, Gradcore, digital assessment centre
platform, TopScore, and leading graduate careers website,
graduatejobs.com.
About Pelican Capital
Pelican Capital is a UK-based private equity firm focused on
technology that invests £5-30m into UK businesses to
accelerate growth, and where required, facilitate ownership
change. Pelican Capital invests on behalf of family offices
looking to deploy capital into high-growth UK technology
businesses.
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