Case Study - Acquisition of a Regional Healthcare Recruitment Firm



Dawon
Holdings
Case Study
Deal Summary
Sector : Healthcare Recruitment
Location: Midlands, UK
Founded: 2014
Employees: 26
Annual Revenue: £2.3M
EBITDA Margin: 14%
Deal Type: Full Acquistion (100% Equity
Multiple Paid: 4.2x EBITDA
Financing Structure: 60% Debt, 30% investor enquiry, 10% seller rollover
Why We Acquired This Company.
- Sector Resilience: NHS and private sector staffing is essential and recession-resistant
- Recurring Revenue: 80% of revenue from long-term placement contracts
- Fragment Market: Opportunity to roll up regional players under one umbrella
- Founder Fatigue: Owners seeking exit after 10 years of running the business
- Undercapitalised Potential: Tech adoption and candidate pipeline under-optimized
Our Value Creation Plan
Initiative
Impact
40% faster candidate on boarding
+£60k annual cost savings
+12% avg client LTV
28% boost in talent pool in 6 months
Secured 3-year contracts worth £1.1M
Implemented applicant tracking system
Centralised back-office & payroll ops
Introduced tiered pricing for private clients
Launched mobile app
Partnered with 2 care home groups