Timecraft Group has been acquired by Actief Group
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.
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
Jan P. Hatje
Managing PartnerHamburg, Germany
Baltcap-backed Coffee Address has acquired Latvian vending machine operator Kafe Serviss
Coffee Address Holding, the largest vending machine and coffee service company in the Baltics, currently owned by the private equity and venture capital firm Baltcap, has acquired a local Latvian coffee service company Kafe Serviss. The transaction will further strengthen the position of Coffee Address, improving both the product and service offering to its customers across the country.Learn more
VIA equity has invested in eSmiley
With eSmiley’s attractive market position and VIA equity’s track record of supporting niche technology companies, eSmiley is fueled to accelerate growth and increase its international footprint. Management shareholders are reinvesting into the new ownership structure. VIA equity’s investment in eSmiley is a strong fit with its investment focus, offering great potential to build an international niche market leader.Learn more
Brecon Beacons Holiday Cottages has been acquired by The Travel Chapter
The shareholders of Brecon Beacons Holiday Cottages have sold the company to The Travel Chapter Ltd.Learn more