Amsterdam – CFI Netherlands is pleased to announce it acted as the exclusive corporate finance advisor to the shareholders of Verhoeve B.V. (‘Verhoeve’ or the ‘Company’) in its sale to FC Quoratio B.V. (‘Quoratio’), a portfolio company of Foreman Capital.
Founded in 2000 by the Verhoeve family, Verhoeve is a secondment and project staffing specialist with a focus on young and talented financial professionals. The Company takes on ambitious finance graduates with a university (of applied sciences) degree and intends to retain them for 4 to 7 years, offering an attractive kick-start of their career. Each of its c. 100 professionals is offered the opportunity to enroll in a uniquely tailored development program, while combining it with relevant on-the-job experience in challenging financial projects at prominent industry leaders. Verhoeve enjoys long-standing client relationships and limited exposure to economic cyclicality from its customers in relatively defensive sectors such as healthcare, education & (semi-) public and retail.
Quoratio is a secondment agency in the area of Finance, Salary and Healthcare administration. Its c. 500 professionals are young and motivated specialists trained in-house, who are seconded to mainly clients in the healthcare sector as trainees, consultants or on a self-employed basis for various types of jobs. Salary administration clients represent a wide range of businesses. In addition to providing administrative personnel, the company offers BPO services.
Foreman Capital acquired a majority stake in Quoratio in 2016. It has supported the Company throughout, with its successful buy-and-build strategy, which has resulted in the acquisitions of Verhoeve and in 2018 of Zorgon, a consultancy and project management company in the healthcare sector.
Sander Verhoeve (founder and co-shareholder) commented: “CFI has been a trusted sparring partner to me and my brother Ron for many years now, having worked with them on the transaction between The Employment Group and Verhoeve Engineering back in 2015. Leveraging their strong domain expertise within Staffing & HR Services, coupled with first class execution, CFI has delivered a highly appreciated outcome for all shareholders of Verhoeve.”
CFI initiated discussions and negotiations in a process, which ultimately resulted in a successful sale to Quoratio that closed on 2 July 2019.
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