CFI advised Bencis Capital Partners on its acquisition of TecqGroep (fmr. Humares)

Amsterdam –  CFI Netherlands is pleased to announce that it acted as the exclusive buy-side corporate finance advisor on the acquisition of the onshore staffing activities of TecqGroep (fmr. Humares Group; ‘TecqGroep’ or the ‘Company’) by Bencis Capital Partners (‘Bencis’).

Rebranded from Humares to TecqGroep in 2018, the Company is a provider of flexible staffing solutions that span the full technical value chain with a well-balanced and internationally sourced mix of both blue and white collar labour to clients in the Netherlands and Belgium. Operating a number of strong specialist brands such as Maintec, Nova Engineering, Impact, Isoper and Primat, TecqGroep is offering a mix of temporary staffing, secondment, subcontracting, and recruitment & selection solutions that cater to end-markets such as engineering, construction, machinery, automotive, high-tech, refinery and onshore energy. In 2016 the Company generated revenues in excess of EUR 100 million.

Bencis Capital Partners is an independent private equity firm targeting medium sized companies in the Benelux. Bencis has relevant experience and expertise in various industries, including the technical staffing sector. Following the acquisition by Bencis of the blue collar craftsmen specialist Faber Personeelsdiensten in 2011, and subsequent co-operation between CFI Netherlands and Bencis on the acquisitions of the white collar engineering recruitment firms Tracé, Verhoeve Engineering and Trivoor, it established and grew The Employment Group (‘TEG’), which was ultimately successfully exited in 2016 to Egeria Investments.

“The focus on the onshore staffing activities going forward, supported by the acquisition by Bencis, represents a very significant move forward for our Company” said Patrick van der Ploeg, CEO of TecqGroep.

CFI Netherlands enjoys a long standing relationship with TecqGroep and it predecessor Humares Group, advising the Company on transformational transactions over the years, including most recently the divestment of TiP personeelsdiensten to Actief Interim (Gilde Equity Management) and the acquisitions of Isoper and Primat in 2014. “CFI Netherlands is pleased to have advised Bencis and is excited on the prospects for TecqGroep following this important transaction,” said Roel ter Steeg, managing partner of CFI Netherlands. CFI Netherlands advised Bencis on each step of the discussions and negotiations with the owners of TecqGroep.

The transaction closed on 1 December 2016.

Related

• https://fd.nl/ondernemen/1176089/investeerder-bencis-capital-wil-uitzendgroep-humares-overnemen