The Flemish Government has sold t-groep to Gilde Buy Out Partners

The Flemish Government has sold t-groep to Gilde Buy Out Partners (Gilde) for an undisclosed consideration.

t-groep is a provider of HR solutions in temporary staffing, outplacement, recruitment and selection, talent management, training and HR interim management built around three main business lines: t-interim, Ascento and Luba. In 2015, the group, owned by the Flemish Government, was the second largest independent staffing company in Belgium, with activities in Belgium, the Netherlands and Poland. t-groep generated a consolidated turnover of US$448 million and EBITDA of US$27 million through a combined network of 131 offices and a total headcount of circa 780 employees.

Gilde Buy Out Partners is a leading European private equity investor in mid-market transactions with operations in the DACH region and the Benelux. Gilde manages funds in excess of US$3 billion and has offices in Zurich, Frankfurt, Utrecht and Brussels. Since its inception in 1982, Gilde has invested in over 250 companies across a diverse range of sectors.

Oaklins’ team in Belgium advised the seller in this transaction.