The shareholders of Salarisprofs have successfully sold a majority stake in the company to ManpowerGroup Netherlands. The terms of the transaction have not been disclosed.
Salarisprofs is a Dutch provider of secondment services specializing in payroll experts. The company not only provides temporary personnel but also offers services to optimize the client’s entire payroll process. Furthermore, Salarisprofs connects payroll experts and potential clients, such as administration and HR managers, by organizing payroll-related master classes and seminars.
ManpowerGroup Netherlands is the Dutch subsidiary of the US-based listed firm ManpowerGroup Inc. The company provides a broad range of workforce solutions through several brands worldwide.
The sales force and exposure of ManpowerGroup combined with Salarisprofs' knowledge and experience will strengthen its leading position and facilitate further growth. Salarisprofs will continue to operate as an independent label within ManpowerGroup and will stay responsible for its daily operations. This preserves Salarisprofs' entrepreneurial spirit and offers the sellers the opportunity to benefit from the expected accelerated growth.
The Business Manager and shareholder of Salarisprof, Esther van der Born, will stay involved in her current position. "This is a unique opportunity to further strengthen our market leading position. Manpower’s strong client base enables us to broaden and diversify our target group and to obtain even more challenging engagements for our current employees and freelancers."
Jilko Andringa, CEO of ManpowerGroup Netherlands, said: "Demand for highly educated personnel in primarily IT, finance and engineering is catching up. The partnership with Salarisprofs provides a valuable diversification of our services. Every company has to deal with payroll administration, which requires experienced specialists. With this partnership, we gain this highly specialized knowledge and we further broaden our service offering."
Profsgroep is a holding entity of five independently operating companies active in HRM, staffing, recruitment and selection and secondment. The group is privately owned by two shareholders who both own 50%.
Oaklins' team in the Netherlands acted as the exclusive financial advisor to the seller in this transaction.
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