Freeland Strengthens Freelance Market Position with Mindquest Acquisition
Deal News | Mar 28, 2025 | MML Capital
Freeland Group has further consolidated its presence in the freelance recruitment market by acquiring Mindquest, marking its seventh acquisition over four years. Mindquest, originally founded as Club Freelance, has grown into a tech-driven platform specializing in freelance recruitment within IT and finance sectors. Known for leveraging AI and proprietary algorithms for talent matching, Mindquest will strengthen Freeland's technological prowess. As part of this acquisition, Freeland enhances its ability to attract and service both freelancers and corporate clients in Europe and internationally. MML Capital backs Freeland's strategy to become a market leader by expanding their service offerings and diversifying into new growth areas, expecting to generate €500 million in revenue by 2025.
Sectors
- Freelance Recruitment
- Information Technology
- Financial Services
Geography
- France – Freeland Group is a market leader in France, making this geography crucial to understanding their operations and market influence.
- Europe – The expansion and growth strategy of Freeland Group involve a significant focus on European markets.
- United Kingdom, Spain, Mauritius – Mindquest has offices in these locations, adding an international element to the acquisition and the strategy of expansion.
Industry
- Freelance Recruitment – This industry involves the sourcing and placement of freelancers, which Freeland Group and Mindquest specialize in. The acquisition reinforces Freeland's leadership in this sector.
- Information Technology – Mindquest's focus on IT recruitment, including SAP and cybersecurity experts, highlights the sector's relevance to the transaction.
- Financial Services – Mindquest’s recruitment services extend to finance, making this sector vital to understanding the full scope of the acquisition.
Financials
- €37 million – This is Mindquest's generated revenue, highlighting its financial strength in the market.
- €500 million – Forecasted revenue for Freeland Group by 2025, indicating its growth ambition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Freeland Group | Buyer | Company | Freeland Group is a leader in the freelance service market, focusing on acquisitions to expand its service offerings and geographic presence. |
| Mindquest | Target | Company | Mindquest is a tech-driven platform specializing in IT and finance freelance recruitment, known for its AI-driven matching technology. |
| MML Capital | Private Equity Firm | Company | MML Capital supports Freeland Group's acquisition strategy, facilitating growth and expansion initiatives. |
| Lawways | Legal Advisor | Company | Acts as the M&A legal advisor for the buy-side of the transaction. |
| Alvarez & Marsal | Financial Advisor | Company | Provides financial advisory services for the acquisition. |
| BNP | Financing | Company | Provides financial backing for the acquisition. |
| Squire Patton Boggs | Legal Advisor | Company | Advises on legal matters for the sell-side of the transaction. |
| PAX Corporate Finance | M&A Advisor | Company | Advises Mindquest in the M&A process. |
| Patrick Levy-Waitz | President | Person | President of Freeland Group, involved in strategic decisions. |
| Thomas Delfort | Founder | Person | Co-founder of Mindquest, instrumental in its growth and innovation in IT and finance recruitment. |