Randstad N.V. completed the acquisition of CTC EXTERNALIZACIÓN S.L.U. from Portobello Capital Gestión, SGEIC, S.A.
October 21, 2023
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Randstad N.V. (ENXTAM:RAND) signed an agreement to acquire CTC EXTERNALIZACIÓN S.L.U. from Portobello Capital Gestión, SGEIC, S.A. on July 12, 2023. The enterprise value of the acquisition is ?80.5 million. In 2022, Grupo CTC reported a revenue of ?230 million. The completion of the transaction is subject to several conditions, which parties expect to be fulfilled in the coming weeks. Christian Hoedl of Uría Menéndez acted as legal advisor toPortobello Capital Gestión, SGEIC, S.A. Ernst & Young, S.L. acted as financial due diligence provider to Portobello Capital Gestión, SGEIC, S.A.
Randstad N.V. (ENXTAM:RAND) completed the acquisition of CTC EXTERNALIZACIÓN S.L.U. from Portobello Capital Gestión, SGEIC, S.A. on October 22, 2023. The National Markets and Competition Commission has approved the deal.
Randstad N.V. is the world's No. 1 of human resources services. Net sales break down by activity as follows:
- generalist staff placement outside the classic sectors (45.4%): primarily administrative, light industry, logistics staff, etc.;
- generalist staff placement from onsite agencies (25.3%): primarily for clients in the consumer goods, automotive, life sciences and other industries;
- specialized staff placement (23.8%): primarily high-level and experienced professionals in the fields of IT, engineering, business, health, etc. In addition, the group offers services for the permanent staff of its clients (outplacement services, reintegration and salary management);
- other (5.5%).
At the end of 2023, the group had 2,761 branches worldwide.
Net sales are distributed geographically as follows: the Netherlands (12.7%), the United States (18.8%), France (15.1%), Italy (8.5%), Germany (7.4%), Belgium (6%), Spain (5%), Australia (4.6%), the United Kingdom (4.3%), Japan (3.2%), Canada (2.3%), Switzerland (1.9%), India (1.5%), Portugal (1.3%), Poland (1.2%), Sweden (1.2%) and other (5%).
RANDSTAD N.V. 
