Divestiture • Staffing

Nordian Capital Partners Acquires Redwave

On March 1, 2013, private equity firm Nordian Capital Partners acquired staffing company Redwave from USG People Nv

Acquisition Context
  • This is Nordian Capital Partners’ 1st transaction in the Staffing sector.
  • This is Nordian Capital Partners’ 8th transaction in the Netherlands.

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M&A Deal Summary

Date March 1, 2013
Target Redwave
Sector Staffing
Buyer(s) Nordian Capital Partners
Sellers(s) USG People Nv
Deal Type Divestiture

Target Company

Redwave

Beverwijk, Netherlands
Redwave is a specialistic HR services provider for the offshore and onshore industry. Redwave is specialized in detachment of professionals in the field of construction & maintenance, drilling, production, and medical services mainly on the Dutch continental shelf. Redwave was founded in 1989 and is based in Beverwijk, Netherlands.
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Buyer Overview 1

Buyer
DESCRIPTION

Nordian Capital Partners is a private investment firm focused on acquiring majority stakes in Dutch companies. The Firm targets profitable (€3 to €15 million), growth-oriented companies and looks for situations where it can invest €10 to €50 million per transaction. Nordian does not have any sector preferences. Nordian Capital Partners was established in 2014 and is headquartered in Amsterdam.


Deal Context for Buyer #
Overall 8 of 34
Sector: Staffing 1 of 2
Type: Divestiture 2 of 2
Country: Netherlands 8 of 33
Year: 2013 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-26 Group of Butchers

Tilburg, Netherlands

Group of Butchers is a provider in the development and sale of fresh cold cuts, grilled meat products, and fresh Filet Americain. Its broad range of high-quality meat and sausage products is primarily distributed by leading retail chains in Netherlands, Belgium, and Germany. Group of Butchers was founded in 1997 and is based in Tilburg, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-04 Unicorn Grain Specialties B.V.

Weert, Netherlands

Unicorn Grain Specialties B.V. is a manufacturer of functional ingredients from grain such as corn and wheat, for Feed, Food and Industry. Unicorn Grain Specialties B.V. was established in 1906 and is based in Weert, Netherlands.

Buy -

Seller Profile 1

SELLER

USG People Nv

Almere, Netherlands

Category Company
Founded 1997
Sector Staffing
Employees7,160
Revenue 2.4B EUR (2014)
DESCRIPTION

USG People is a specialized provider of employment services in Europe, focusing on the market segments general and specialist temporary employment, professional secondment and projects, HR services and customer care.


Deal Context for Seller #
Overall 2 of 3
Sector: Staffing 1 of 2
Type: Divestiture 2 of 3
Country: Netherlands 2 of 2
Year: 2013 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Control Finance BV

Utrecht, Netherlands

Control Finance BV provides solutions in the field of flexible deployment of highly qualified professionals in the specialist areas of accounting, financial management and controlling.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-04 USG People Austria

Vienna, Austria

USG People Austria GmbH is a provider of human resources (HR) services in Austria. USG People's general staffing activities in Spain, Italy, Poland, Switzerland, Luxembourg and Austria. Within these countries, except for Austria, both businesses have a comparable offering and geographic coverage, which creates a unique strategic opportunity.

Sell -

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