PE Deals

THCP partners with Kernel Global

Kernel is a platform that invests in and operates high-potential recruitment businesses globally.

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  • 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.