Add-on Acquisition • Business Services

Randstad Acquires Grupo CTC

On July 12, 2023, Randstad acquired business services company Grupo CTC from Portobello Capital

Acquisition Context
  • This is Randstad’s 4th transaction in the Business Services sector.
  • This is Randstad’s 1st transaction in Spain.

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M&A Deal Summary

Date July 12, 2023
Target Grupo CTC
Sector Business Services
Buyer(s) Randstad
Sellers(s) Portobello Capital
Deal Type Add-on Acquisition

Target Company

Grupo CTC

Madrid, Spain
Grupo CTC is a provider of outsourcing services in marketing, merchandising, and promotional logistics. Grupo CTC was founded in 1986 and is based in Madrid, Spain.
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Buyer Overview 1

Buyer

Randstad

Diemen, Netherlands

Category Company
Founded 1960
Sector Business Services
Employees40,000
Revenue 24.1B EUR (2024)
DESCRIPTION
Randstad office in Atlanta, Georgia.
Randstad office in Atlanta, Georgia.

Randstad is a human resource consulting firm and HR service provider. Randstad was founded in 1960 and is based in Diemen, Netherlands.


Deal Context for Buyer #
Overall 18 of 19
Sector: Business Services 4 of 4
Type: Add-on Acquisition 16 of 17
Country: Spain 1 of 1
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 Cella

Rockville, Maryland, United States

Cella is one of the largest creative/digital staffing companies in the US and enables the world's largest and best-known brands to engage the best people and unleash the full potential of their creative power. Cella was founded in 1988 and is based in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-02 Monster

Weston, Massachusetts, United States

Monster is a global online employment solution provider. Monster works by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Monster was formed in 1967 and is based in Weston, Massachusetts.

Sell -

Seller Profile 1

SELLER

Portobello Capital

Madrid, Spain

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 2.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Portobello Capital is a private equity firm focused on acquiring on acquiring middle-market Spanish companies. Portobello prefers unique investment situations where the Firm can step in. These include broken deals, situations where shareholders are misaligned, or complex transactions. Portobello targets businesses valued from €50 to €500 million where the Firm can invest €10 to €100 million. Portobello Capital does not have any sector preferences although the Firm will not invest in financial services, real estate, or IT. Portobello Capital was formed in 2010 and is based in Madrid.


Deal Context for Seller #
Overall 12 of 13
Sector: Business Services 3 of 4
Type: Add-on Acquisition 6 of 6
Country: Spain 12 of 13
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-12 Bodegas Torre Oria

Valencia, Spain

Bodegas Torre Oria is a producer of still wines and cavas from the following DOs: DO Valencia, DO Utiel-Requena and DO Cava. Bodegas Torre Oria was founded in 1897 and is based in Valencia, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-19 Eurocebollas

Valencia, Spain

Eurocebollas produces more than 160 different recipes for onions, both conventional and organic, in different packages (aseptic, heat-sealed bags and cans) that are kept at room temperature and are ready to use in their customers' recipes. Eurocebollas is based in Valencia, Spain.

Buy -