Add-on Acquisition • Staffing

NES Fircroft Acquires Fircroft Group

On September 23, 2020, NES Fircroft acquired staffing company Fircroft Group from Equistone

Acquisition Context
  • This is NES Fircroft’s 1st transaction in the Staffing sector.
  • This is NES Fircroft’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date September 23, 2020
Target Fircroft Group
Sector Staffing
Buyer(s) NES Fircroft
Sellers(s) Equistone
Deal Type Add-on Acquisition
Advisor(s) DLA Piper (Legal)

Target Company

Fircroft Group

Warrington, United Kingdom
Fircroft Group is a provider of recruitment solutions to the specialist technical industries.
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Buyer Overview 1

Buyer

NES Fircroft

Altrincham, United Kingdom

Category Company
Founded 1978
Sector Staffing
DESCRIPTION

NES Fircroft is a global provider of specialist white collar personnel to the global oil and gas, power, and infrastructure markets. NES Fircroft was founded in 1978 and is based in Altrincham, United Kingdom.


Deal Context for Buyer #
Overall 1 of 1
Sector: Staffing 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 1
Year: 2020 1 of 1

Seller Profile 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 167 of 206
Sector: Staffing 3 of 3
Type: Add-on Acquisition 55 of 70
Country: United Kingdom 74 of 84
Year: 2020 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-30 Finaxy Group

Paris, France

Finaxy Group is an insurance broker, structured around three specialized divisions (Corporate, Consumer (niche markets) and Solutions (major strategic partnerships)), the Group is developing its activity in specific market sectors with high added value. FINAXY Group continues to base its development half on organic growth and half on external growth. Finaxy Group was formed in 2009 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-16 Roth Gruppe AG

Gerlafingen , Switzerland

Roth Gruppe AG is a provider of services in fire protection, insulation and coatings. Its products are particularly targeted towards domestic, industrial and commercial buildings, as well as infrastructure projects for both the private and public sectors. Roth Gruppe was founded in 1958 and is based in Gerlafingen, Switzerland.

Sell -