Timecraft Group has been acquired by Actief Group
February 2017 — The private shareholders of Timecraft Group have sold the company to Actief Group. Financial details have not been disclosed.
Timecraft Group was founded in 1991 by Boris and Cornelia Foltin in Regensburg, Germany, and is a leading temporary employment firm with a strong presence in Bavaria. A regional coverage of 12 locations and its proximity to customers and employees are Timecraft's competitive advantages, for which the company has won several awards. Timecraft's core service is the provision of commercial temporary employment services in the areas of industrial and manufacturing, office and finance, and IT services and engineering. In 2016, the company generated sales of approximately US$40 million.
Actief Group is one of the largest independent and growing temporary employment firms in Western Europe. Established in 1988, Actief has achieved a leading market position in Belgium over the last 25 years and now has a network of 66 branches with sales of approximately US$265 million. Supported by the majority shareholder Gilde Equity Management Benelux, turnover has almost tripled over the past six years. This has been accomplished through international expansion, starting in 2014 with the acquisition of TiP and of Tence in 2015, both located in the Netherlands. In 2015, Actief entered the German market via the acquisition of ISU personnel services in Karlsruhe. The group now operates under three brand names: Actief Interim in Belgium, Actief Werkt! in the Netherlands and Actief Personalmanagement in Germany.
Our role in the transaction
Oaklins' team in Germany exclusively advised Timecraft Group’s private shareholders in this international sale. From over 50 national and international candidates and with the help of Oaklins’ team in the Netherlands, Actief Group was identified as the ideal buyer, acquiring 100% of the business.
Talk to the deal team
Related deals
Nymann Kloak- & Miljøservice has been acquired by Serwent Group
Nymann Kloak- & Miljøservice has been acquired by Serwent Group. The acquisition expands Serwent’s footprint in Denmark while broadening its service offering and strengthening capacity across its existing platform. This transaction further supports Serwent’s ambition to become the leading Nordic operator in underground infrastructure maintenance.
Learn moreHeka Dental has joined forces with Impilo to anchor focused buy-and-build strategy
Heka Dental, a leading Danish designer and manufacturer of premium dental treatment units, has been acquired by the Swedish private equity firm Impilo. The acquisition establishes Heka Dental as a strategic platform for consolidation in the European dental equipment market. Impilo will execute a focused buy-and-build strategy to accelerate growth and expand its footprint across Europe.
Learn moreGP-Connect has joined forces with Transformation Capital to accelerate growth
Transformation Capital, a Netherlands-based investment firm, has joined forces with GP-Connect, a leading international secondment platform with specialized brands serving the hospitality, IT, skilled labor, technical services and dental sectors. As part of the transaction, GP-Connect welcomes Transformation Capital as its new shareholder to support the company’s next phase of growth, while the founders and existing shareholders will remain actively involved. The partnership will focus on executing a targeted buy-and-build strategy, expanding the business internationally and further strengthening GP-Connect’s portfolio.
Learn more