M&A Deal Summary

ManpowerGroup Acquires ettain group

On August 24, 2021, ManpowerGroup acquired staffing company ettain group from Alvarez & Marsal Capital Partners for 925M USD

Acquisition Highlights
  • This is ManpowerGroup’s 9th transaction in the Staffing sector.
  • This is ManpowerGroup’s largest (disclosed) transaction.
  • This is ManpowerGroup’s 5th transaction in the United States.
  • This is ManpowerGroup’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-08-24
Target ettain group
Sector Staffing
Buyer(s) ManpowerGroup
Sellers(s) Alvarez & Marsal Capital Partners
Deal Type Add-on Acquisition
Deal Value 925M USD

Target

ettain group

Charlotte, North Carolina, United States
website
ettain group, Inc. is a talent solutions firm that delivers Recruitment Services and Managed Services in three practice areas: IT, Healthcare IT, and Digital Creative. From discovery to execution, ettain helps clients successfully design, develop, and deliver critical technology and business initiatives, from providing individual resources, to staffing and managing critical programs and projects, to running entire recruitment processes. Founded in 1996, with nearly 1,300 employees and consultants currently at work, ettain offer opportunities across North America, with offices in Charlotte, Dallas, Minneapolis, Nashville, Raleigh, Washington, D.C., and Winston Salem.

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Buyer(S) 1

Buyer

ManpowerGroup

Milwaukee, Wisconsin, United States

website

Category Company
Founded 1948
Sector Staffing
Employees30,900
Revenue 19.8B USD (2022)
DESCRIPTION
Entrance to ManpowerGroup's corporate headquarters in Milwaukee, Wisconsin.
Entrance to ManpowerGroup's corporate headquarters in Milwaukee, Wisconsin.

ManpowerGroup provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The Company?'s recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions. ManpowerGroup was formed in 1948 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 14 of 14
Sector (Staffing) 9 of 9
Type (Add-on Acquisition) 10 of 10
State (North Carolina) 1 of 1
Country (United States) 5 of 5
Year (2021) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-15 Ciber Spain

Spain

Ciber Spain is a provider of information technology consulting, services and outsourcing company

Buy -

Seller(S) 1

SELLER

Alvarez & Marsal Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2011
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Alvarez & Marsal Capital Partners (A&M Capital) is a private equity investment firm affiliated with financial advisory and due diligence provider Alvarez & Marsal. A&M Capital looks to invest $20 to $75 million in North American and Western European companies valued up to $750 million. The Firm looks for control situations where it can leverage its operational expertise. Sectors of interest include general industrial/manufacturing, consumer, retail, healthcare, business services, transportation, and energy. Alvarez & Marsal Capital Partners was established in 2011 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 4 of 5
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 4 of 5
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Pet Network

Zagreb, Croatia

Pet Network offers its customers a best-in-class range of thousands of pet products, available both in physical stores and online, as well as other services such as grooming and veterinary care. Pet Network is a European pet care retail group of companies, currently operating in South-Eastern Europe. The company is in Croatia, operating under the brand Pet Centar, in Romania, operating under the brands Animax and Maxi Pet, in Slovenia, operating under the brand Mr. Pet, in Serbia, operating under the brand Pet Centar.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Med-Metrix

Parsippany, New Jersey, United States

Med-Metrix is a provider of performance management analytics, consulting, extended business office, and revenue recovery services to the healthcare industry. Med-Metrix was founded in 2010 and is based in Parsippany, New Jersey.

Buy -
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