Amsterdam – CFI Netherlands (“CFI”) is pleased to announce that it served as the exclusive corporate finance advisor to Stipality Holding B.V. (“Stipality” or the “Company”), a general staffing solutions provider of migrant workers with a focus on the food processing, production and logistics sectors, in a successful management buy-out supported by a Belgian investment holding.
Although the Company has been in business for over 20 years, Stipality is established following the merger of two staffing agencies early 2017. With over 1,500 direct employees, the Company is a prominent independent provider of blue-collar professionals in the Netherlands. Stipality is deeply rooted in the food processing, production and logistics markets where it services leading industry clients. The Company’s candidates are recruited through a dense network of international sourcing channels comprised of three recruitment offices in Central Eastern Europe and two offices in the Netherlands.
Mr Bart Legierse, CEO and co-shareholder of Stipality, commented on CFI’s role in the transaction: “We hired CFI to help us finding a strategic and financial strong partner in order to facilitate our determined growth plans. We believe there is a strong cultural fit between management, the new shareholder and our organisation and we are excited to realise our growth plan with the support of our new partner.”
CFI initiated discussions and negotiations in a process that ultimately resulted in a successful management buy-out supported by the Belgian investments holding. The transaction was closed on 23 May 2019.
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