Private equity company IceLake Capital has invested in full-stack HR company HeadFirst Group, according to a statement issued by HeadFirst. Financial terms were not disclosed.

HeadFirst, which is based in the Netherlands, provides a variety of HR services, including recruitment, contracting and consulting, to hundreds of clients in more than a dozen European countries. It has more than 20,000 professionals active daily, according to the company.

“We are very pleased to welcome IceLake as a strong financial investor, next to our existing financing partner Kartesia and our founders … Having IceLake on board, we will be able to realize our strategic goals across Europe,” said Han Kolff, chairman of HeadFirst (LinkedIn profile).

Bastiaan Hagenouw, a partner at IceLake added: “We are very excited to back HeadFirst Group, as we appreciate how they have developed into a company with a unique and market-leading position in the HR services space. We look forward to work with their experienced board and management team to realize their ambitions and providing its innovative, value-added solutions to an even wider range of clients, suppliers and professionals.”

Late last month, HeadFirst acquired IT talent outsourcer StarApple. With revenue of €1.5 billion in 2020, HeadFist is the second-largest HR services group in the Netherlands, behind Randstad.

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