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IK to pick up Acture
Posted on Tuesday, 14 January 2020 09:39
Private equity firm IK Investment Partners, via IK Small Cap II Fund, has agreed to buy a majority stake in Dutch outsourcing company Acture Groep.

No financial details have been announced.

Under the terms of the deal, IK will acquire its stake from the company’s founders, while the target’s chief executive, Maudie Derks, will retain her role and will be reinvesting alongside the fund.

Established in 2008, Acture claims to be the largest private social security provider in the Netherlands.

The company delivers outsourcing services to corporate clients and staffing agencies to help manage and cover illness and disabilities in their workforces.

Alongside its core activities, the group also provides health assessments, independent insurance advice, administration and reintegration services.

Headquartered in Nijmegen, Acture operates through several specialist outsourcing divisions including ArdoSZ, Klout7 and Ascot.

Its ActivaSZ unit is a private social security provider, which offers unemployment benefits and focuses on resolving WGA return to work dossiers and sickness benefits acts for the government and education sectors.

The deal will represent another addition to IK Small Cap’s portfolio, which already includes companies such as 2Connect, BST and Carspect Group.

Derks said: “As we enter a period of accelerated growth, we are delighted to partner with IK Investment Partners whose combined experience in the healthcare and tech-enabled business services sectors will be an asset to us as we grow to the next stage.

“We look forward to working with them as we develop our position and international offering.”

According to Zephyr, the M&A database published by Bureau van Dijk, there have were 355 deals targeting employment placement agencies announced globally in 2019.

Olympus Partners, in the most valuable of these, agreed to buy US-based Soliant Health for USD 612.00 million.

Advanced Medical Personnel Services, SingAsia Holdings and Adecco Group, among others, were also targeted in this sector.

© Zephus Ltd