- Kernel Global is based in London
- THCP to hold a minority stake in Kernel
- THCP is a European mid-market preferred capital firm
Three Hills Capital Partners (THCP) has partnered with Kernel Global in a deal where Kernel will receive an investment via a debt/equity hybrid structure. No financial details of the transaction were disclosed.
Kernel is a platform that invests in and operates high-potential recruitment businesses globally. The firm is based in London.
The investment will be used to support the firm’s growth plans, centred on building its multi-brand platform via both M&A and organic growth, according to a release.
“Partnering with Kernel is an exciting opportunity for us to further cement and underpin the continued growth of a successful business model within a highly attractive industry that can benefit from disruption,” said Arjan Blok, investment director at THCP.
THCP will hold a significant minority stake in Kernel.
THCP is a European mid-market preferred capital firm. The firm manages €2.3 billion of assets. It is headquartered in London.