MBCF acted as the exclusive buy-side corporate finance advisor on the acquisition of the onshore staffing activities of Humares Group by Bencis Capital Partners
MBCF is pleased to announce that it acted as the exclusive buy-side corporate finance advisor on the acquisition of the onshore staffing activities of Humares Group (‘Humares’ or the ‘Company’) by Bencis Capital Partners (‘Bencis’).
Humares is a provider of flexible staffing solutions that span the full technical value chain with a well-balanced and internationally sourced mix of both blue and white collar labour to clients in the Netherlands and Belgium. Operating a number of strong specialist brands such as Maintec, Nova Engineering, Impact, Isoper and Primat, Humares is offering a mix of temporary staffing, secondment, subcontracting, and recruitment & selection solutions that cater to end-markets such as engineering, construction, machinery, automotive, high-tech, refinery and onshore energy. In 2016 the Company generates revenues in excess of EUR 100 million.
Bencis Capital Partners is an independent private equity firm targeting medium sized companies in the Benelux. Bencis has relevant experience and expertise in various industries, including the technical staffing sector. Following the acquisition by Bencis of the blue collar craftsmen specialist Faber Personeelsdiensten in 2011, and subsequent co-operation between MBCF and Bencis on the acquisitions of the white collar engineering recruitment firms Tracé, Verhoeve Engineering and Trivoor, it established and grew The Employment Group, which was ultimately successfully exited in 2016 to Egeria.
“The focus on the onshore staffing activities going forward, supported by the acquisition by Bencis, represents a very significant move forward for our Company” said Patrick van der Ploeg, CEO of Humares.
MBCF enjoys a long standing relationship with Humares, advising the Company on transformational transactions over the years, including most recently the divestment of TiP personeelsdiensten to Actief Interim (Gilde Equity Management) and the acquisitions of Isoper and Primat in 2014. “MBCF is pleased to have advised Bencis and is excited on the prospects for Humares following this important transaction,” said Roel ter Steeg, managing partner of MBCF. MBCF advised Bencis on each step of the discussions and negotiations with the owners of Humares and successfully closed the transaction on 1 December 2016.