An executive recruitment agency, which has worked with the likes of Social Chain and Clubhouse Golf, has acquired a counterpart in the life sciences sector.
Manchester and Chorley-based Rowan Executive Search has snapped up Claro Search & Selection in Warrington for an undisclosed sum.
The deal is Rowan Executive Search's first acquisition and comes after it was backed by investor LCap Group last year.
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Claro will be rebranded as Rowan Life Sciences and its founder, Josh Guest, will head the division.
Before setting up Claro, Mr Guest ran the life sciences practice at Recruitment Management Group, placing senior executives in privately owned and AIM-listed businesses.
Rowan Executive Search managing director Paul Waite said: "With LCap’s backing we are well placed to develop the business significantly over the coming years and we are excited to welcome Claro to the group.
"We had identified the potential of life sciences as a key high growth market, and we jumped at the opportunity to acquire Claro.
"Josh and his team will benefit from working under the Rowan brand and the support of our wider team to develop our presence in the sector, which we can see from the private equity and SME markets has enormous growth prospects."
Rowan Life Sciences will operate nationwide, with a particular focus on key life science hubs such as those in the North West, Oxford, Cambridge and London.
Mr Guest added: "Already a key pillar of the UK economy, life sciences is now under an increased spotlight as a result of the Covid pandemic.
"As a result, there is increased investment and interest in the sector, and the appetite for growth is significant.
"I’m thrilled that Claro has joined forces with Rowan. Life science is a great strategic fit for the group, as many of the companies in the sector are seeking funding, are IP-rich and hungry for growth.
"By combining Claro’s deep industry knowledge with Rowan’s strong reputation, years of experience and innovative approach, we are well placed to make a significant contribution to this important industry sector as it continues to drive forward through possibly its most exciting phase yet."
