Hyndland Partners acted as financial advisor to the Daxtra Group (“Daxtra”), a leading provider of AI-enriched talent acquisition software, in securing a majority growth investment from Strattam Capital (“Strattam”).

Daxtra, founded in 2002 by Andrei Mikheev and Steven Finch, has pioneered AI-driven software for the talent acquisition ecosystem. Its technology is mission-critical to over 2,500 clients that recruit on a global scale. Last year alone, Daxtra processed over 1 billion resumes across 40 languages. It supports customers globally via offices in Europe, North America, and Asia-Pacific.

Strattam has more than $1bn in assets under management, and most recently announced a third fund of $308 million. It typically makes majority growth investments in companies with up to $100m in enterprise value. This flagship investment in Daxtra underscores Strattam’s commitment to supporting high-growth, innovative companies. Furthermore, its track record in HR and recruitment technology positions Daxtra to capitalise on growing demand in North America.

Andrei Mikheev commented, “The investment by Strattam will allow us to accelerate growth in North America, while continuing to provide the superior customer service and great products that our customers expect.”

Jonathan Busch, Principal at Strattam Capital, added, “We’re excited to partner with Andrei and Steve to help bring their differentiated products to the wider world. Strattam’s mission is to work with great founders who have built great businesses, and the Daxtra team has proven again and again over their 20 years that advanced AI technologies can be harnessed effectively and safely to solve real world problems.”

Hyndland Partners served as sell-side advisor to the shareholders of Greensleeves in their acquisition by US-based Neighborly, the multi-brand home service franchisor backed by KKR.

Greensleeves is a highly successful and fast-growing lawn service business. It was established in 1998 to provide customers with an all-year-round lawn treatment service, and now looks after more than 100,000 lawns across the UK.

David Truby joined Greensleeves in 2004, and through a series of MBOs became the majority shareholder in the business alongside his wife Laura Truby. David helped to grow the business from just two locations to over 100 franchise territories across the UK.

Neighborly is the world’s largest home services company. It owns a portfolio of over 30 home service brands across multiple sectors. This includes trusted brands such as Mr. Rooter, Drain Doctor and Pimlico. It has over 5,000 franchisees in six countries around the world.

David Truby offered the below comment on the representation provided by Hyndland Partners:

“Hyndland Partners provided exceptional service throughout the transaction. What really stood out was the management and orchestration of the bidding process, which resulted in multiple interested parties competing for the business. This helped to significantly raise the prices being offered, and gave us confidence that the true value of the business was being realised.

I was impressed by Hyndland Partners’ ability to swiftly understand the Greensleeves business, and to predict what would happen at each stage of the process. The strength of Hyndland Partners’ relationships were also extremely helpful, as well as their focus on the best outcome for employees and customers. They worked round the clock to get the deal done, and were always available to answer questions and offer advice. Their expertise in M&A and deal structuring really shone through, and we felt guided and supported at each step along the way. Their hands-on approach made a significant difference to ensuring the deal unfolded as envisaged.”