01/07/2022

Citizens Advises Vincere on its Acquisition by The Access Group

PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to HiringBoss Holdings Pte Ltd., which does business as “Vincere,” on its acquisition by The Access Group. Vincere, headquartered in Singapore but primarily based in Vietnam, is a leading provider of innovative recruitment management software used by over 20,000 recruitment consultants worldwide.  

Founded in 2012, Vincere provides a modern, comprehensive Software as a Service (SaaS) recruitment platform purpose-built to manage all aspects of a customer’s front, middle and back-office operations. Vincere’s award-winning platform was developed for recruiters by recruiters who understand the industry’s unique software demands.

The Access Group is headquartered in the United Kingdom and has 4,680 employees across seven countries. TA Associates and Hg Capital are investors. The Access portfolio has developed and expanded over time, with a successful track record of acquisitions, including several key players within the recruitment space such as Safe Computing, Microdec, Volcanic and First Choice Software. Vincere will combine with Access Recruitment, a division of The Access Group, a leading provider of business software solutions to the mid-market with technology that spans the entire front- to back-office ecosystem. Vincere strengthens Access Recruitment’s product portfolio, adding breadth to the company’s industry-leading software and significantly expanding its international reach.

Bernie Schiemer, founder and chief executive officer of Vincere, said: “The team at Citizens were absolute pros from initial engagement through to close. If there were a playbook on running the perfect deal process, Scott and the team would be the authors. They know how to run a competitive, high-touch process like no other. Working with Scott and the team allowed us to focus on running our business operations, which meant we finished on a record quarter the same day that we completed the deal.”

Scott Rhodes, managing director at Citizens M&A Advisory, said: “Vincere is complementary to Access Recruitment’s technology, culture and commitment to become the #1 provider of recruitment technology in the world. The Access Group is highly acquisitive, and we are certain that the acquisition of Vincere will unlock tremendous value for these best-of-breed platforms. We are excited to have worked with Bernie and his team in identifying the opportunity to combine with The Access Group, and we look forward to following the success for years to come.”

Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has closed more than 175 transactions in the last five years and has more than 70 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $187.0 billion in assets as of September 30, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities.

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