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Funds managed by Bolster Investment Partners and TIIN Capital have sold ORMIT to a consortium comprising 3D Participaties, Pauwels Consulting and Senior Management

Amsterdam – CFI Netherlands is pleased to announce it acted as the exclusive corporate finance advisor to ORMIT and its shareholders Van Lanschot Participaties (managed by Bolster Investment Partners), and Berk Partners IV (Managed by TIIN Capital), in the sale of ORMIT Holding B.V. (‘ORMIT’ or the ‘Company’) to Pyramid N.V. (‘Pyramid’), a holding company funded by 3D Participaties and Pauwels Consulting, and ORMIT’s Senior Management.

With over 250 trainees, ORMIT is the Benelux market leader in traineeships and leadership development. ORMIT identifies high-potential graduates and develops their soft skills and leadership abilities during an intensive two-year program, coupled with various projects with clients. Following these programs, the talents are recruited by the clients to continue their career development. Due to its high-end positioning, ORMIT is appealing to recent graduates for starting their professional careers and the perfect stepping stone towards multinationals such as BNP Paribas, ASML, Philips, DSM, GlaxoSmithKline, etc. The exiting funds have realised considerable returns on their investments, which originated 8 years ago when they facilitated a Management Buy-Out of ORMIT from the Dutch listed IT systems integrator Ordina Holding N.V.

Pyramid was established in 2016 following its acquisition of Pauwels Consulting and acts as an investment company, funded by 3D investments, the Belgian family investment office of the Donck and Desimpel families, Mr. Bert Pauwels and Senior Management of Pauwels Consulting, with a focus on HR companies. The acquisition of ORMIT is Pyramid’s first transaction outside of Belgium, following on from earlier acquisitions such as Vandycke & Partners, Akros Solutions, and P.I.T.-Advisor. Pauwels Consulting is a Belgium-based consultancy firm with over 520 professionals in engineering, life sciences and IT.

Ms Hetty van Ee (CEO ORMIT) stated: “Pyramid is the ideal new partner for ORMIT, providing further opportunities to grow and find highly sought after top talent. ORMIT will continue developing as an autonomous company with the existing team and its unique corporate DNA”.

Mr Mark van Rijn (Partner Bolster Investment Partners) commented on CFI’s role in the transaction: “CFI’s deal team has been fully committed throughout the entire process with a one-of-a-kind multiple partner involvement, resulting in excellent transaction results”.

Mr Maarten Derks (Partner TIIN Capital): “Based on the proven HR services knowledge and experience and their full committment to this deal, CFI was selected as the M&A advisor of choice. CFI has convincingly evidenced its unique market insights in the HR services market by establishing this cross-border transaction with a buyer which had not yet entered the Dutch market”.

CFI Netherlands, a registered trademark and the international M&A advisory arm of MBCF, initiated discussions and negotiations with a select range of international strategic parties in a process that ultimately resulted in a successful transaction with Pyramid, 3D Participaties and Pauwels Consulting. The transaction closed on 1 October 2018. This transaction further emphasises CFI’s leading position in the Staffing & HR Services sector and was precluded by cross-border transactions such as the sale of mténv to House of HR and Arbo Support to DEKRA in the last three months.

The transaction closed on 1 October 2018.

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