Airswift Holdings Ltd.
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Airswift Holdings Ltd. - overview
Established
2016
Location
Salford Priors, -, UK
Primary Industry
Outsourcing
About
Airswift Holdings Ltd. , headquartered in the UK, specializes in workforce solutions, including international recruitment and HR consulting services for the technology and energy sectors, aiming to meet the complex needs of its clients. Founded in 2016 in Salford Priors, UK, Airswift Holdings Ltd. focuses on providing specialized recruitment and consulting services.
Janette Marx is the current CEO. The company has completed one deal. Airswift’s primary offerings encompass international recruitment, employer of record services, workforce and HR consulting, recruitment process outsourcing, and managed service provider solutions specifically tailored to the technology and energy sectors. The company focuses on providing specialized talent acquisition services that cater to complex technical industries, including oil and gas, renewable energy, mining, and various engineering fields.
These services aim to address the unique challenges faced by firms operating within these sectors, such as regulatory compliance and local market understanding. With a global reach facilitated by 60 regional offices, Airswift operates in diverse markets including North America, Europe, the Asia Pacific, the Middle East, and Latin America, enabling them to serve a broad client base that includes multinational corporations and government entities looking for localized expertise in workforce solutions. Airswift generates its revenue primarily through service contracts with businesses seeking workforce solutions and compliance management in international recruitment. In 2020, the company reported a revenue of USD 795.
75 mn. The transaction structure typically involves management fees and service charges associated with their core offerings, such as recruitment and employee management services. Clients engage Airswift on a contract basis, often entering multi-year agreements that provide access to the company's extensive pool of technical talent and specialized consulting services. Specific pricing plans are tailored to the needs of individual clients, with rates reflecting the complexity and scope of services provided, such as ongoing recruitment support and payroll management for contractors deployed globally.
The company’s flagship service offerings, including employer of record and managed service provider solutions, are designed to streamline the hiring and management process for clients, ensuring compliance with local regulations in various international markets. Airswift Holdings Ltd. is focused on launching new products and expanding its services into additional markets. The company aims to enhance its offerings by developing new recruitment technologies and solutions targeted for release in 2024.
Upcoming market expansions are planned in regions such as Asia Pacific and Latin America by mid-2024 to capture growing demand for technical staffing solutions. Recent funding, including the exit of LGV Capital from its stake, will be strategically utilized to support these initiatives and to strengthen Airswift's market position.
Primary Industry
Outsourcing
Sub Industries
Engineering, Recruitment/Executive Search, Human Resources Services
Website
www.airswift.com
Total Amount Raised
Subscriber access only
Airswift Holdings Ltd. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 880,679,000 | 775,076,000 | 857,842,000 | 979,996,000 | 795,746,000 | - | - | - | - |
| % Revenue Growth (YoY) | - | (12.0%) | 10.7% | 14.2% | (18.8%) | - | - | - | - |
| EBITDA (USD) | 21,773,000 | 21,245,000 | 25,546,000 | 40,381,000 | 34,173,000 | (381,055.754) | - | - | - |
| Operating Income (USD) | 10,440,000 | 10,542,000 | 14,169,000 | 23,986,000 | 17,958,000 | (381,055.754) | - | - | - |
| Operating Margin | 1.2% | 1.4% | 1.7% | 2.4% | 2.3% | - | - | - | - |
| % EBITDA Margin | 2.5% | 2.7% | 3.0% | 4.1% | 4.3% | - | - | - | - |
| NET Income (USD) | (18,929,000) | (21,448,000) | (11,871,000) | (4,951,000) | (11,000,000) | (601,160.161) | - | - | - |
| % Net Margin | (2.1%) | (2.8%) | (1.4%) | (0.5%) | (1.4%) | - | - | - | - |
Airswift Holdings Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Energy Resourcing Group | - | ||||||||
| Merger | Completed | Competentia AS | - | ||||||||
| Merger | Completed | Air Energi, Swift Technical Group | - | ||||||||
| Unspecified Exit | Completed | Airswift Holdings Ltd. | - |
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