Private equity firm Permira Funds is acquiring a majority stake in Cielo, a recruitment process outsourcing provider based in Brookfield, Wis., from private equity firm Accel-KKR.

The transaction is expected to close in January 2019; terms were not disclosed. Cielo stated its management team, led by founder and CEO Sue Marks, will maintain “meaningful ownership” and will continue to lead Cielo in their current roles.

Cielo will use the new investment for strategic growth and innovation.

“With the Permira Funds’ support, we’ll continue to expand into new geographies and invest in innovation and technology, while delivering creative, strategic solutions, like total talent acquisition, that meet and anticipate the evolving needs of our clients,” Marks said. “The partnership also will support investments in our own people to ensure that the Cielo culture is one that attracts, develops, and inspires the world’s best recruiting talent.”

Cielo will get four new directors from Permira under the deal, which will include John Coyle, Stefan Dziarski, John Mulflur and Dominik Pozny. They are taking over from four directors from Accel-KKR: Dean Jacobson, Rob Palumbo, Greg Williams and David Cusimano.