Futuris Company Announces Signing of Head of Terms for Exclusive Equity Investment Agreement of $10 Million

By AIT News Desk On Aug 25, 2020

Proposed Investment to Be Made by the Private Office of MR. John Bernard Shall Be Structured as an Equity Investment in Exchange for a 15% Post-Money Equity Ownership in Futuris Company

Futuris Company, a Human Capital Management (HCM) company focused on the acquisition and operation of executive search, staffing and consulting companies, announced that it has signed a Head of Terms for an exclusive equity investment agreement with The Private Office of Mr. John Bernard for $10 million in exchange for a 15% post-money ownership stake on a fully diluted basis, subject to the satisfactory completion of due diligence.

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The Private Office of Mr. John Bernard seeks to partially acquire, recapitalize or support the growth of small to medium sized businesses across a whole range of industry sectors. John Bernard is a successful entrepreneur and investor who over the last 19 years has invested in over 27 companies worldwide. He began investing in internet start-ups and has leveraged his capital in other sectors like engineering, pharmaceuticals, eCommerce, and manufacturing with deal sizes ranging from $3 million to $45 million.

“We are pleased to welcome the opportunity for John Bernard to become a large shareholder and partner in Futuris. His support and equity investment will further enable us to execute on our corporate growth strategy for additional strategic acquisitions in our pipeline that will position Futuris to be a major player in the professional services staffing industry,” stated Kalyan Pathuri, President of Futuris Company. “John brings a wealth of knowledge and experience in building successful companies. We believe his support and investment are further validation of our unique market position and vision for growth moving forward.”