M&A Deal Summary

Randstad Acquires Sapphire Canada

On May 2, 2006, Randstad acquired staffing company Sapphire Canada from TorQuest

Acquisition Highlights
  • This is Randstad’s 2nd transaction in the Staffing sector.
  • This is Randstad’s 1st transaction in Canada.
  • This is Randstad’s 1st transaction in Ontario.

M&A Deal Summary
Date 2006-05-02
Target Sapphire Canada
Sector Staffing
Buyer(s) Randstad
Sellers(s) TorQuest
Deal Type Add-on Acquisition

Target

Sapphire Canada

Toronto, Ontario, Canada
Sapphire Canada is a provider of IT recruitment and resource management solutions. It help organizations achieve their goals through improved access to their most important resource talent.

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Buyer(S) 1

Buyer

Randstad

Diemen, Netherlands
Category Company
Founded 1960
Sector Business Services
Employees40,000
Revenue 25.4B EUR (2023)
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 STATS #
Overall 3 of 19
Sector (Staffing) 2 of 12
Type (Add-on Acquisition) 3 of 17
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-13 Galilei SA

Brussels, Belgium

Galilei SA provides career management services in Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-14 Team BS

Offenbach, Germany

Team BS is an HR services provider located in Offenbach, Germany. The company is particularly successful with it's 'onsite solutions' where TEAM BS is the exclusive partner for its clients regarding all aspects of temporary employment and supports its clients with services in the area of personnel planning and administration.

Buy €71M

Seller(S) 1

SELLER

TorQuest

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 3.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TorQuest Partners is a Canadian mid-market private equity firm. TorQuest invests in established companies that deal in manufacturing, business services, financial services, industrial products, food, consumer products, and chemicals. Prospective transaction situations include family successions, recapitalizations, corporate carve-outs, and buyouts. Torquest targets businesses valued from C$40 to C$250 million where the firm can commit C$20 to C$100 million. TorQuest Partners was formed in 2002 and is based in Toronto.

DEAL STATS #
Overall 5 of 26
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 1 of 12
State (Ontario) 2 of 11
Country (Canada) 4 of 20
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-12 GCAN Insurance

Montreal, Quebec, Canada

GCAN Insurance Co. is a large risks and specialty commercial line property and casualty insurance, offering a range of products including property, liability and auto with a balanced portfolio by line of business and geography.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-26 Herbal Magic

Toronto, Ontario, Canada

Herbal Magic, Inc. is a chain of commercial weight loss centers. Herbal Magic provides an exclusive line of herbal supplements and weight management services. Herbal Magic weight loss programs combine one-on-one counseling, grocery store foods and supplement support.

Buy -
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