Zvoove, a portfolio company of LEA Partners, has acquired Pivoton
Amsterdam – CFI is pleased to announce that it acted as exclusive financial advisor to zvoove Group (‘zvoove’), a portfolio company of LEA Partners, in the acquisition of Pivoton.
Zvoove is a provider of market leading Human Capital Management (‘HCM’) software for the temporary staffing, facility management, and event sectors in Germany, Switzerland and the Netherlands. The group is the result of a merger between HRTech companies LANDWEHR, rhb, prosoft and BackOffice in February 2021. Zvoove has more than 330 employees and around 3,700 clients and operates from five locations in Germany, Switzerland and the Netherlands. The group is backed by technology investor LEA Partners. LEA Partners is an entrepreneurial-minded multi-stage private equity firm investing in growth technology companies that are driving transformative change in their industries.
Pivoton is a frontrunning IT business partner for the temporary employment sector in the Netherlands, offering software for administrative and commercial processes. The company is able to translate complex laws and regulations into user-friendly process supporting software that guarantees maximum productivity and error reduction. The company facilities optimal chain integration with all suppliers while creating maximum agility and adaptability to market and customer requirements. Their team uses the low-code platform OutSystems which enables developers to deliver new functionalities faster. The company has over 30 years of experience and is headquartered in Ede.
“The Netherlands is one of the most important markets for temporary staffing companies worldwide. The merger has a high strategic value for us and further expands our European market leadership,” explains zvoove Group’s CEO Oliver Muhr. CFI initiated discussions and negotiations on behalf of zvoove Group and LEA Partners, which ultimately resulted in a successful transaction with Pivoton, which closed 6 April 2022. CFI once again demonstrates its leading position in the Software & IT Services sector, with this 33rd transaction in the past 24 months.
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HCM software provider zvoove Group, a portfolio company of LEA Partners, has acquired Pivoton, a leading SaaS HRTech provider in the Dutch market for temporary staffing software
This transaction was advised by:
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