IMAP Netherlands advises on four successful deals

17 October 2019 Consultancy.eu

M&A consultants from IMAP Netherlands have in the past months contributed to the successful closing of several transactions. A spotlight on four deals.

Maximum | TMP Worldwide

TMP Worldwide, a global leader in talent acquisition technologies, last week acquired Dutch recruitment marketing tech company Maximum. The joining of forces allows Maximum to both deepen and broaden its offerings to its clients, as well expand internationally as it taps into TMP’s footprint. For US-based TMP, it provides the firm with a stronghold in one of Europe’s key markets for recruitment marketing technology.

“Maximum's software suite greatly complements TMP's TalentBrew career site and recruitment marketing platform,” said Michelle Abbey, CEO of TMP Worldwide, which is a portfolio company of Gemspring Capital, an American private equity firm. 

Maximum will continue to operate under its own brand, but in its go-to-market approach add a TMP Worldwide company to its branding. IMAP’s team of consultants (deal team: Balthazar den Breems, Willem op de Hoek and Kevin Weij) advised Maximum's Managing Director Mark van Buuren during the deal. IMAP Netherlands advises on four successful deals

HFMtalentindex | Assessio

Also in the human capital space, HFMtalentindex, an Amsterdam-based provider of Software-as-a-Service (SaaS) solutions for talent assessment and talent development, was late last month acquired by Assessio, a Swedish company that also specialises in talent assessment solutions. The Swedes are a portfolio company of Main Capital, a Dutch private equity group that focuses exclusively on the software sector. 

Together, Assessio and HFMtalentindex aim at growing into a leading Northwestern European company, able to offer an extensive range of services and solutions for both pre-hire and post-hire processes. According to data from analysts, the Western European market for human capital management software services will grow by a compounded annual growth rate (CAGR) of 9.2% in the period up to 2022.

IMAP Netherlands (deal team: Guillaume Petit, Axel Fuhri Snethlage and Kevin Weij) acted as sell-side advisor to the shareholders of HFMtalentindex. According to Koen Hofkes, the CEO of HFMtalentindex:

“It was a pleasure to work with the IMAP team. They were dedicated to achieving the best deal for us and they clearly knew how to do this. Their membership in an international network also helped and proved to be of real value-add during the process. The team was attentive, committed and made our lives easier by guiding us throughout the transaction.” 

Candid Group | Daily Dialogues

In the summer, fast-growing Dutch marketing agency Candid Group acquired Rotterdam-based Daily Dialogues, shortly after the firm also picked up Amsterdam-based creative agency XXS. Founded in 2011, Daily Dialogues specialises in social media marketing, which up to the deal was still a blind spot in Candid Group’s portfolio. 

The bolt-on strengthened Candid Group’s market position in the Netherlands’ €1.1 billion digital marketing industry. With around 220 employees across offices in Amsterdam and Rotterdam, Candid Group is one of the larger players in the landscape.

Since the very early days of Candid Group’s buy-and-build strategy, IMAP has been one of the firm’s trusted M&A advisors. IMAP’s team for Candid Group’s eleventh transaction since its inception in 2007 consisted of Cees van Vliet and Steven Klaren. On the collaboration, Gérard Ghazarian, the founder of the marketing agency, said; “We’ve worked with the IMAP team on a number of transactions now. Their M&A knowledge, along with the experience of a great team of enthusiastic professionals, help us towards our goal of becoming a large and entrepreneurial organisation in the creative industry.” 

Blokland | Dumaco

In May, Netherlands-based metal machining company Dumaco purchased Dutch counterpart Blokland Metaalbewerking. Founded over 50 years ago, Blokland manufactures ferrous and non-ferrous semi-finished products from its two modern machining production sites in Hardinxveld-Giessendam.

“Blokland has a great reputation in the market,” said Tom Sanders, CEO of Dumaco. “With the acquisition, we strengthen our position as a market leader in the sheet metal market.” Following the transaction, Dumaco has grown to a 700-strong team, working across six locations in the Netherlands. 

IMAP Netherlands, led by Remco Schouten and Cees van Vliet, acted as sole financial advisor to Blokland throughout the sale process.


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