30 November 2022

FSM Group has joined Ambitious People Group

FSM Group has joined Ambitious People Group

FSM Group has joined Ambitious People Group with the backing of Investment company Capital A. Ambitious People Group has acquired a majority stake in the FSM Group, an international recruitment consultancy operating with four brands in 5 countries. Ambitious People Group is advancing its 2026 Vision through its strategy of Organic Growth, Buy-and-Build and Digitalisation.

Four brands, five countries

The current management of FSM Group will remain on board. In fact, several key managers will also join as shareholders. David Jacob, MD: "We are very excited about this partnership as it will allow us to further our growth plan in opening up new offices, new brands, and joining a very like-minded firm in Ambitious People Group”.

Continuing ambition

FSM Group has four specialized brands: James Woodman (Finance Recruitment), Eye Tech Solutions (IT Recruitment), Fuse Engineering and LEDR Executive Solutions. With nearly one hundred and fifty employees and 8 offices, the company is in five countries, with its headquarters in Brussels. FSM Group was awarded a Trends Gazelle for 2020 - an award for the fastest growing companies in Belgium - and Best Place to Work in 2022.

Strong growth

Dennis Grefkens, Ambitious People Group, CEO: "We are very impressed with the strong international growth that FSM Group has shown year after year. We believe that the ambitions of FSM perfectly fits with those of APG. Together we will continue to focus on digitalization, accelerated international growth and buy-and-build."

About FSM Group

FSM Group (Fun, Success, Meritocracy) is an international recruitment consultancy, active in five countries, with just under one hundred and fifty employees, and eight physical offices in five countries. The Brands are James Woodman, EyeTech Solutions, Fuse Engineering and LEDR Executive Solutions. Started in Brussels in 2008, its specialized, candidate centric approach has ensured fast growth, and earmarked it as a market leader in helping candidates, clients and staff reaching their full potential.

About Ambitious People Group

Ambitious People Group is an international recruitment consultancy, active with five brands, almost two hundred employees and twenty-four offices in six countries. The brands are SAM Recruitment, Ardekay IT Recruitment, LMH Engineering, Four Life Sciences and Five Finance. Since our start in Amsterdam in 2007 we have been matching candidates and companies in different, specific sectors. Our mission is to help people and organizations to realize their ambitions. Our consultants with their specialism, deep market knowledge and large database are indispensable to make the right match. Ambitious People Group was awarded a FD Gazelle for ten consecutive years. That is an award for the fastest growing companies in the Netherlands. Grefkens: "We have doubled every four years. Together we will accelerate that growth path further."

About Capital A

Capital A is one of the longest active private equity investors in the Netherlands, with a focus on investing in very fast (both autonomous and acquisitive) growing companies. Originally started at ABN AMRO in the 1980’s as an investment fund focused on SMEs, Capital A continued independently in 2018 with support from investors such as ABN AMRO, Five Arrows, Alpinvest, Bregal, LGT, entrepreneurs of former portfolio companies and the Capital A team itself. From offices in Amsterdam and Antwerp, Capital A manages approximately EUR 900 million in assets under management and has a portfolio of more than 30 growth companies that are predominantly active in Europe.