THINCATS, the leading alternative finance provider to mid-sized SMEs in the UK, has provided funding to facilitate the management buy-out of Be-IT Group, a specialist IT/Technology recruitment agency, in a deal advised by AAB.
Established in 2013, with offices in Glasgow, Edinburgh and Belfast, Be-IT Group are leaders in IT and Change Management recruitment, providing permanent, interim and contract roles across the full spectrum of IT including digital transformation, business change, software development, cyber and data disciplines.
The business’s team of 27 technical and highly skilled recruiters, utilise a proprietary Recruitment Business Intelligence Tool (“RBIT”) to streamline candidate identification, interview preparation and offer management. This increases speed of delivery, with the expert team placing over 20 candidates at major employers across Scotland’s booming tech sector each month.
The MBO team, led by Managing Director Nikola Kelly, has delivered strong results, growing revenues year on year since 2017 and diversified the group’s offering with the launch of a specialist resourcing consultancy arm – BE-IT Projects – in 2020. This partners with clients to manage and deliver significant IT and change projects.
Nikola Kelly, MD, Be-IT commented; “I attribute a lot of our success to the fantastic culture we have cultivated and the market leading training we provide for our staff. There is huge demand for highly skilled individuals in the industry and we have built a team to help both tech professionals and tech businesses be all they can be. We are proud to be leading the business through the next phase of its growth and we’re all excited to be playing a part in thousands of career moves working with the biggest names in the sector.”
Ben Kimball, Director Business Development, ThinCats said; “We are delighted to have supported Nikola and her vastly experienced team. It is particularly gratifying to work with a business that not only places so much value on fostering a strong culture, but one that is also having such a positive impact for the tech industry in Scotland and beyond. Chris and the team at AAB provided expert advice and we are excited to see where Be-IT will go in the future.”
Chris Thompson, Corporate Finance Director, AAB said; “Be-IT has built a fantastic reputation in the market for its positive culture and expert delivery. Under the leadership of Nikola and the MBO team, the business has gone from strength to strength. ThinCats have been the perfect partners and we look forward to working with them on future transactions.”