Ambitious People Group, with support from Capital A, has acquired a majority stake in FSM Group, enhancing its recruitment capabilities and growth potential in Belgium and internationally.

Information on the Target

FSM Group has joined forces with Ambitious People Group, bolstered by investment firm Capital A. Ambitious People Group has acquired a majority stake in FSM Group, an international recruitment consultancy operating under four brands across five countries. FSM Group's management team will remain in place, with several members joining as shareholders. David Jacob, Managing Director, expressed enthusiasm for the partnership, highlighting the opportunity to advance their growth plan through new office openings and brand expansions, while aligning with a like-minded organization.

FSM Group operates through four specialized brands: James Woodman (Finance Recruitment), Eye Tech Solutions (IT Recruitment), Fuse Engineering, and LEDR Executive Solutions. With nearly 150 employees and eight offices, FSM Group is headquartered in Brussels and has a presence in five countries. The company was recognized as a Trends Gazelle in 2020—an award for fast-growing businesses in Belgium—and was named 'Best Place to Work' in 2022.

Industry Overview in Belgium

The recruitment industry in Belgium has experienced significant transformation in recent years, moving towards a digital-first approach as firms adapt to changing market dynamics and talent demands. Economic growth and an ev