Degroof Petercam Corporate Finance acted as the exclusive financial adviser of the shareholders of Vio Interim – private equity fund Down2Earth Capital and Vio Interim’s management - in the sale of the company to SD Worx.
Vio Interim was founded in 2009, employs 120 people over 35 branches and is the fastest growing temporary staffing agency in Belgium. SD Worx, internationally active in payroll administration and HR consulting activities, acquires Vio Interim from Down2Earth Capital and Vio’s management. Vio’s management will reinvest part of their proceeds and is committed to assist SD Worx in further expanding the temporary staffing activities of the group.
The corporate finance team assisted the shareholders in structuring and negotiating the transaction. Alexis Meeus, head of Corporate Finance, and Henk Vivile, managing director Corporate Finance: “This is the second time that we advise Vio; in 2015 already, we acted as financial adviser to the then shareholders and management in the sale of a majority stake to Down2Earth Capital. We are proud to accompany our clients over the long term along their growth path.”
More information in SD Worx press release here (Dutch and French only) https://www.sdworx.be/nl-be/sd-worx-r-d/publicaties/persberichten/2017-10-26-sd-worx-holding-neemt-vio-interim-over.