Pactum’s Bittersweet $54M Series C: Celebrating 34 Years of Success Before a Controlled Wind-Down

In an exciting yet bittersweet announcement, Pactum has successfully raised 54,000,000 in funding, marking a historic milestone for the company as it embarks on its final chapter. Established in 1988, Pactum has been a pioneering force in the recruitment services industry, building a robust presence throughout the UK, continental Europe, North Africa, and the Middle East over an impressive 34-year journey. As the company prepares to cease trading in an orderly manner at the end of 2022, this capital infusion is set to serve a critical role in ensuring a smooth transition for all stakeholders involved. The funds will be strategically deployed to support the wind-down process, including fulfilling outstanding financial obligations, managing employee transitions, and safeguarding client relationships developed over decades of dedicated service. This financial milestone not only attests to the enduring trust and confidence of investors in Pactum’s legacy but also highlights the company’s commitment to a responsible closure. The funding will help secure key operations during the cessation phase, allowing for an orderly distribution of assets and seamless communication with partners, employees, and clients. It is a testament to the strength of Pactum’s historical market presence and the strategic foresight of its leadership team, who have consistently prioritized integrity and excellence in service delivery. As the company steps back from the competitive recruitment landscape, this funding represents both a solid financial foundation to honor past achievements and a well-planned exit strategy that ensures stability and continuity during its final operational phase.