Sofindev to sell House of Talents

The company's CEO, Steve Rousseau, and Sofindev partner Jan Camerlynck told Mergermarket (a sister publication of Unquote),  that House of Talents is expected to post a €19m EBITDA for 2019.

Sofindev acquired a majority stake in House of Talents in 2016, investing via its €107m Sofindev IV fund, closed in 2016. The EBITDA of the business stood at €3.5m when Sofindev acquired the company, Rousseau told Mergermarket.

The company has pursued a buy-and-build strategy since then, kicking-off with the acquisition of Belgium-based Arcq last year, a staffing company operating in the life sciences sector.

House of Talents recently acquired Belgium-based engineering outsourcer Mides and interim staffer Value Builders, according to the report. Together, Mides and Value Builders generate €4m in EBITDA, Rousseau told Mergermarket.

The new investor, potentially either a trade or PE backer, will further support new acquisitions by House of Talents, consolidating its presence in Belgium, the Netherlands and France.

Post-transaction, Rousseau will remain a shareholder, while Sofindev's prospects of maintaining a shareholding will depend on the outcome of the process, Camerlynck and Rousseau told Mergermarket.

A new shareholder should help House of Talents ramp up consolidation in its existing geographies of Belgium, the Netherlands and France, the report said. The business also has its sights set on expansion to Germany and the UK.

Founded in 2008, House of Talents places workers in industries with employment bottlenecks, with a special focus on occupations such as nurses, sales representatives, HR, accountants, butchers and IT specialists. The business is headquartered in Kortrijk, West Flanders.

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