An established recruitment company in South Africa is seeking the support and investment of an angel investor in order to expand its reach both nationally and globally.

Lorrenmor has an established client base in Africa and the Middle East and specialises in the staffing needs of the following industries

  • Oil and gas
  • Petroleum
  • Engineering, procurement and construction (EPC)

The company hopes to list itself on the alternative listing (AltX) division of the Johannesburg Stock Exchange (JSE). This listing is reserved for SME with growth potential.

Thereafter, Lorrenmor aims to penetrate the European recruitment market by franchising or opening offices globally. Expansion plans have already been set in motion for Africa and Oceania.

An investment of US$1.5-million to US$2-million is required in order to achieve this. The investing partner will be awarded a 23% to 35% stake in the company.

If you are an Angel Investor seeking to invest in the international recruitment industry, this could prove a lucrative opportunity.