Amsterdam – CFI is pleased to announce it acted as the exclusive corporate finance advisor to One Two Capital in the sale of Welten Groep to Straco.
Welten was founded in 1992. The company has two offices in Den Bosch and Utrecht and provides multi-label specialist employment and professional training services to financial institutions in Financial Advisory & Operations, Risk & Compliance and Business IT expertise. With over 850 employees, ranging from trainee to senior roles and its excellent reputation, Welten Groep is considered the undisputed leader. Its integrated full-service offering including comprehensive training and education offering of mandatory, industry-standard and tailored programs, enables Welten Groep to play an essential role in addressing the structural labour shortages, regulatory requirements and digitalisation efforts in the financial services sector.
About the transaction
In May 2021, the independent investment firm One Two Capital, partnered with Welten Groep to leverage on its leading position and to execute an accelerated growth strategy as an M&A platform. During this period, BOLD People and Carrierecafe were acquired and integrated, substantially increasing the Welten Groep’s market share on top of the targeted initiatives for strong organic growth. After achieving their joint objectives, One Two Capital and Welten Groep’s management believed the timing was right for the next phase.
Casper Bannet, Managing Partner of One Two Capital commented: “These were the right ingredients which made us accomplish our ambitions sooner than expected with Welten Groep. After realising this, we reintensified our discussions with CFI, who supported us in acquiring Welten successfully and with whom we maintained an active dialogue afterwards. Their first-hand and in-depth market expertise enabled us to find the right future partner for Welten Groep. CFI has delivered a highly appreciated outcome for us with this transaction.”
Maarten Peers, Managing Partner of Straco commented: “The growth and developments which Welten Groep demonstrated in the past years are impressive and we truly support the ambition and strategy. Besides international expansion, Straco aims to add digital expertise and broadening the services and expertise scope for Welten Groep.”
CFI’s role in the process
After their involvement in two prior transactions with Welten, CFI was invited by One Two Capital and management to orchestrate the sales process for their deep understanding of the business, developments and ideal positioning. Thanks to its market knowledge, insights and inroads, CFI enabled Welten Groep to find the right partner with a matching ambition. CFI subsequently coordinated the process and led the negotiations, which resulted in a successful transaction with Straco that was signed on 30 December 2022.
Chris Baelemans, Welten Groep’s CEO: “We intend to expand our winning model for education and employment in the financial services industry and public domain outside the Netherlands. That’s how we keep building the most inspiring finance community. By realising additional European growth, we ensure growth opportunities for our finance professionals. After our prior two transactions in which CFI’s involvement helped us with the right partner, they once again enabled us to achieve our ambitions going forward with Straco. We are extremely happy with this outcome and would highly recommend working with CFI.”
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