M&A Deal Summary

Apheon and MML Capital Partners Acquire TMC Group

On June 20, 2019, private equity firms Apheon and MML Capital Partners acquired staffing company TMC Group from Rivean Capital

Acquisition Highlights
  • This is Apheon’s 1st and MML Capital Partners’ 1st transaction in the Staffing sector.
  • This is Apheon’s 2nd and MML Capital Partners’ 1st transaction in the Netherlands.

M&A Deal Summary

Date 2019-06-20
Target TMC Group
Sector Staffing
Buyer(s) Apheon
MML Capital Partners
Sellers(s) Rivean Capital
Deal Type Secondary Buyout

Target

TMC Group

Eindhoven, Netherlands
TMC Group is a technical and R&D personnel outsourcing specialist, placing educated (majority college/Ph.D. level) and experienced professionals at firms in technology-driven industries through specialized business cells. TMC Group was founded in 2000 and is based in Eindhoven, Netherlands.

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Buyer(S) 2

Buyer

Apheon

Brussels, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 2.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Apheon is a generalist private equity firm that invests in middle-market companies throughout the Benelux, Italy, Iberia, France, and Switzerland. Ergon looks to invest €25 to €75 million in businesses with sustainable competitive advantages and operating in 'attractive' niche markets. Apheon was formerly knowns as Ergon Capital Partners. The Firm was formed in 2005 and is based in Luxembourg.


DEAL STATS #
Overall 26 of 40
Sector: Staffing M&A 1 of 1
Type: Secondary Buyout M&A Deals 9 of 13
Country: Netherlands M&A 2 of 3
Year: 2019 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Haudecoeur

La Courneuve, France

Haudecoeur engages in the importation, production, and distribution of food dedicated to customers of Maghrebi, Asian, African, Antillean origins. The Group selects, transforms and/or produces in around sixty countries the best types of rice, dried fruits, and vegetables, spices, cereals, sauces, brick pastry sheets, candy, etc. Haudecoeur was founded in 1932 and is based in La Courneuve, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Dolciaria Acquaviva

Naples, Italy

Dolciaria Acquaviva is a player in the attractive frozen bakery market recognized for its high-quality and innovative products. Dolciaria has a wide product portfolio serving, directly and indirectly, more than 20 thousand customers across Italy. Dolciaria Acquaviva was founded in 1979 and is based in Naples, Italy.

Buy -
Buyer

MML Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

MML Capital Partners is an investment firm that targets subordinated debt and traditional private equity investments across the US and Europe. MML Capital looks for transactions requiring €5 million and €200 million of capital to support expansion financing, management buyouts, recapitalizations, leveraged buyouts, and take privates. MML Capital invested more than €3.1 billion across 11 countries. MML Capital Partners was formed in 1988 and is based in London, United Kingdom.


DEAL STATS #
Overall 43 of 68
Sector: Staffing M&A 1 of 2
Type: Secondary Buyout M&A Deals 9 of 15
Country: Netherlands M&A 1 of 4
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-18 CH&CO

Reading, United Kingdom

CH&CO provides contract and hospitality catering services to a broad range of sectors including workplaces, venues, tourist destinations, independent and State schools, further education, healthcare, and events. CH&CO was founded in 1991 and is based in Reading, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-31 StoneTurn

Boston, Massachusetts, United States

StoneTurn is a global advisory firm that assists companies in their counsel and government agencies on regulatory, risk and compliance issues, investigations and business disputes. StoneTurn was founded in 2004 and is based in Boston, Massachusetts.

Buy -

Seller(S) 1

SELLER

Rivean Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Gilde Buy Out Partners (GBO) is unit of Gilde Investment Management, a Dutch private equity group. Gilde Buy Out Partners (GBO) targets investments in larger businesses valued from €75 and €600 million with at least €8 million in cash flow. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. GBO looks for investments across Western Europe, with an emphasis on opportunities in Belgium, The Netherlands, Luxembourg, France, Germany, Switzerland and Austria. Gilde was formed in 1982 and has offices in Utrecht, Paris, Brussels, and Zurich.


DEAL STATS #
Overall 33 of 44
Sector: Staffing M&A 1 of 1
Type: Secondary Buyout M&A Deals 19 of 22
Country: Netherlands M&A 21 of 26
Year: 2019 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 Reesink

Apeldoorn, Netherlands

Reesink is an international distributor of high-quality machines and components for agriculture, landscape maintenance, warehouse design, and civil engineering. Reesink was founded in 1786 and is based in Apeldoorn, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 XD Connects

Rijswijk, Netherlands

XD Connects is a designer & provider of niche segments for higher-quality functional promotional products/business gifts for the B2B and B2C market, serving 4,500 distributors all over Europe. XD Connects was founded in 1986 and is based in Rijswijk, Netherlands.

Buy -