Investment Proposal A5424002.

Adcorporate is a result-oriented and highly successful organisation providing assistance in the buying and selling of companies. Operating since 2002, at both national and international level.

Subject
The shareholders consider to sell 100% of the share capital in the holding company.
The current shareholders are open to retain a minority stake in the firm.

Reason for sale
The founders/shareholders are engaged in new, non-competing, businesses, after working for fifteen years in this business, which need their full attention. They have successfully grown the company both financially and organizationally. They are not pursuing an operational role in the company. The sellers are willing to facilitate a smooth transition of the company. The transition timeline and role of the shareholders needs to be agreed upon.

Profile Company
The organization is an administrative service provider that focuses on back-office services for employment and payroll of temporary staff (flexworkers). The company deals with the back-office processes related to the employment of flexworkers. She contracts and deploys the recruited temporary staff. The company does not conduct recruitment but works with recruitment and sales partners to provide a full scope staffing service to their approximately 1,200 clients in the Netherlands.

Employees
The company employs between 50 and 75 employees. It boasts a competent and experienced management with key personnel for the continued growth of the company. The current shareholders have reduced their level of involvement and established a two-tier management structure comprising managers and team leads.

Location
The company is located in the heart of the Netherlands. The building is leased from a separate entity owned by the shareholders and is not included in the transaction.

Financial details

Note: The presented gross margin and EBITDA primarily have been negatively adjusted for effects resulting from received NOW subsidies.

Procedure
After answering a few questions a comprehensive information memorandum is available. After an introductory meeting with Adcorporate and the seller, interested parties are kindly requested to submit an initial non-binding offer.

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