M&A Deal Summary

SD Worx Acquires F2A

On July 30, 2024, SD Worx acquired staffing company F2A from Ardian

Acquisition Highlights
  • This is SD Worx’s 2nd transaction in the Staffing sector.
  • This is SD Worx’s 1st transaction in Italy.

M&A Deal Summary

Date 2024-07-30
Target F2A
Sector Staffing
Buyer(s) SD Worx
Sellers(s) Ardian
Deal Type Add-on Acquisition

Target

F2A

Milan, Italy
F2A is a provider of human resources and administration services. F2A offers outsourcing and consultancy services in different corporate areas like HR management and Finance and Administration. F2A was founded in 1962 and is based in Milan, Italy.

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Buyer(S) 1

Buyer

SD Worx

Antwerp, Belgium

Category Company
Founded 1945
Sector Staffing
Employees2,700
DESCRIPTION

SD Worx delivers a full range of quality services in the areas of Payroll, HR and Tax & Legal in EMEA, the Americas and Canada, with more than 2,700 staff serving more than 60,000 clients, offering salary calculations, training, HR research, social-legal, tax and HR-related consultancy services, specialist software for personnel departments and on-site support. SD Worx was founded in 1945 and is based in Antwerp, Belgium.


DEAL STATS #
Overall 3 of 3
Sector: Staffing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Italy M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-15 Ceridian UK

Reading, United Kingdom

Ceridian is a global human capital management technology company serving more than 50 countries. Company offering includes the award winning, cloud-based Dayforce HCM, Global Solutions, and Small Business Payroll.

Buy -

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 239 of 247
Sector: Staffing M&A 3 of 3
Type: Add-on Acquisition M&A Deals 59 of 63
Country: Italy M&A 17 of 18
Year: 2024 M&A 12 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-25 Nutripure

Donneville, France

Nutripure is a digital active nutrition brand providing a comprehensive ecosystem of products and services, including food supplements and sports nutrition, primarily through its website. The company offers almost 40 products for all consumers across health & metabolism, sports & endurance, physical recovery, and healthy nutrition. Nutripure was formed in 2017 and is based in Donneville, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-26 Corob

Modena, Italy

Corob is a provider of advanced tinting equipment to the paints and coatings industry. The Group supplies applications in the paint and coatings, inks, and chemical industries, as well as providing the related after-sales services on a global scale, thanks to a capillary organization dedicated to management and maintenance. Corob was founded in 1984 and is based in Modena, Italy.

Sell €260M