CFI advised Mentha Capital on the sale of KP&T (now Voort) and Staatvast to Egeria Investments

Amsterdam – CFI Netherlands is pleased to announce that it acted as the exclusive corporate finance advisor to Mentha Capital on the exit of KP&T (now Voort) and Staatvast to Egeria Investments (‘Egeria’).

KP&T is one of the few independent suppliers of white collar technical professionals with nationwide coverage in the Netherlands. The Company supplies white collar technical and engineering professionals in the civil engineering, mechanical engineering, installation engineering, electrical engineering, high-tech, architectonics, and public sectors. KP&T provides full national coverage, operating from 9 locations throughout the Netherlands, and employs approximately 600 employees.

Egeria is an independent Dutch investment firm focussed on long-term investments and with a total portfolio under management exceeding € 1.7 billion. Egeria aims to invest in healthy and well-led Dutch companies operating in markets with an attractive growth potential and to create long-term value for all parties involved by growing and developing the companies in close cooperation with management. Other portfolio companies are, among others, SIF, Royal Sanders, Dynniq (previously Imtech Traffic & Infra), JET Group and CleanleaseFortex.

Together with the simultaneous acquisition by Egeria of The Employment Group (‘TEG’), which offers an integrated approach to technical recruitment with approximately 400 white collar professionals and over 1,000 blue collar craftsmen, Egeria makes its debut in the HR sector. TEG is also a multi-year staffing client of MBCF’s business services M&A team and we have been promoting the joining of both strong HR companies throughout the years.

The transaction and KP&T’s new partnership with both Egeria and TEG will provide access to additional capital and resources to support the Company’s next growth phase. The activities of KP&T will be merged with those of Tracé, the white collar label of TEG specialising in the construction, civil and electrical engineering sectors, creating a new powerhouse in the recruitment of white collar engineers. Mr Léon Rust, CEO of KP&T, will take the helm of the combined KP&T and Tracé businesses, which will be renamed Voort.

Gijs Botman, partner at Mentha Capital, “We hired CFI because of its focus and track record of executing transactions in the HR services segment. They did a great job finding an excellent company for KP&T to partner with”.

CFI Netherlands initiated discussions and negotiations with a range of potential international strategic and financial buyers in a process that ultimately resulted in a successful transaction with Egeria.

The transaction closed on 3 March 2016.

Related

• https://www.menthacapital.com/mentha-capital-sells-kpt-to-egeria/