London-based Mobeus Equity Partners will receive a minority share in the recruitment business.

Operating globally from the UK, US and Ireland, Ellis specialises in Oracle and SAP technologies through its Oracle Contractors and SAP Contractors brands.

The agreement, described by Ellis as “transformative”, will foster strategic initiatives including the attraction of IT recruitment professionals to join its team, geographical expansion, and ongoing development of specialised services within the SAP and Oracle domains. 

“This partnership is expected to catalyse growth, foster innovation, and create new opportunities for both Ellis Recruitment Group and Mobeus Equity Partners,” a statement from Ellis said. “The £10m minority stake investment marks a significant milestone in the journey of Ellis Recruitment Group.”

At the same time as news of the investment emerges, Ellis has announced the addition of Andy McRae as chairman of its board. McRae also holds the role of non-executive chair with recruitment industry firms Tribepad, Oliver James and The SR Group.

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