Hyphen, Dixon HR and Dixon & Company will pursue their strategy on a standalone basis

Antwerp – CFI is pleased to announce it acted as the exclusive corporate finance advisor to Hyphen and Dixon HR in the carve-out transaction from Dixon & Company.

About Hyphen 
Founded in 2015, Hyphen is a specialist in finance staffing, offering interim management and project consultancy services. With a team consisting of approximately 150 freelancers and in-house project consultants, the company caters to clients across Flanders and Brussels, providing expertise in various finance domains.

About Dixon HR
Dixon HR operates as a permanent recruitment, consulting, and outsourcing partner with a focus on HR professionals. Established in 2019 and located in Antwerp, their ambition is to become the number one HR community of choice for organisations and HR professionals.

About Dixon & Company
Headquartered in Antwerp, Dixon & Company is a niche specialist in permanent recruitment and selection within the domains of Finance, Supply Chain, and Sales & Marketing. Additionally, the company offers interim management and project consultancy services in the field of Supply Chain, and develops new business concepts. Dixon & Company provided group support services for other affiliated companies within the group, such as finance and accounting, contracting, payroll administration, and IT.

Hyphen, Dixon HR and Dixon & Company were affiliated companies under the holding company Goodlife & Company.

About the transaction
The shareholders of Goodlife & Company have opted for the three brands (Hyphen, Dixon HR, and Dixon & Company) to pursue their respective strategies as independent entities with distinct shareholding structures. This approach empowers each company to focus on its specific expertise, facilitating accelerated progress in achieving their individual ambitions. 

CFI’s role in the process
After the successful sale of engineering business Bennet to Copus Group in 2021, the shareholders of the former sister companies maintained an active dialogue with CFI. Based on the long-term partnership and established trust, CFI was invited to orchestrate this complex carve-out process. Its assistance covered various aspects, including drafting a comprehensive business plan, conducting valuation, strategic structuring, garnering stakeholder buy-in, meticulously structuring the deal, securing bank financing, and skilfully negotiating transaction documents, resulting in a successful transaction on 13 June 2023.