Our transaction team at Venionaire Capital is proud to announce another exit of the European Super Angels Club (ESAC). ESACs syndication fund EXF Alpha, invested in Firstbird roughly 3,5 years ago and will return investors a significant return due to this exit, which is currently in the European FDI approval phase. Co-investors of European Super Angels Club, include Verve Ventures, Jobcloud.ch, as well as international business angels.
Radancy, the global talent technology leader will acquire 100% of Firstbird, a global leader in SaaS-based employee referral programs based in Vienna, Austria. Firstbird offers a leading software solution for employee referrals. The acquisition of Firstbird is expected to close in the first quarter of 2022, subject to the satisfaction of customary closing conditions, including regulatory FDI approvals. The headquarter of Firstbird will remain in Vienna and is likely to grow massively in the coming years.
This strategic acquisition combines Firstbird’s innovative – world-leading – referral technology with Radancy’s unified talent acquisition platform. Together, they will provide global clients with enhanced touchpoints along the entire candidate journey, connecting people to careers and companies with qualified candidates to solve their most critical talent acquisition challenges.
“At Firstbird, our mission has always been to be the global standard for employee referrals. With Radancy, we can now provide our customers with highly experienced local teams and service excellence across the world. Together, our combined products provide us with a unique offering to enable enterprises to attract and hire the talent they need.”
said Arnim Wahls, CEO of Firstbird.
„Our team supported its Luxemburg-based AIF fund managers from Venionaire Ventures Sárl, throughout this transaction. Such deals tend to develop over months, followed by very intensive and fast steps towards a signing. Our legal advisors from Rizzi Rechtsantwalts GmbH did a great job, and have to be mentioned here with a big – THANK YOU – for their exceptional support in this process.
said Berthold Baurek-Karlic, Managing Partner of Venionaire Capital.
The acquired company will remain operative under its well-established brand with a little addition: “Firstbird, a Radancy Company”.