Recruitment firm Phaidon International received an £18 million investment from investment firm Muzinich & Co. and HSBC Bank plc. As part of the deal, former CDI Corp. executive Stuart Batchelor will serve as Phaidon’s chief strategy officer.

The investment will enable to company to continue its global expansion, diversity into new markets and offices as well as enable the management team to realise some of the value of the business.

“Phaidon has demonstrated impressive historical organic growth and we are very pleased that we are able to support [founder Adam Buck] and the management team in this next exciting phase of Phaidon’s development”, said Kirsten Bode of Muzinich & Co.

Phaidon is based in London, but has operations in the US and Asia. Last year, Phaidon’s US operations appeared on Staffing Industry Analysts’ list of fastest-growing staffing firms.

Muzinich is based in New York with offices in seven countries.