Bencis to back EMC Group SBO

The deal values EMC in the €25-50m range, Unquote understands.

The company's CEO, Ralph Smeets, should retain a stake in the company, according to the Dutch publication Het Financieele Dagblad. The Dutch competition authority ACM still has to approve the transaction, according to the report. 

Bencis typically invests in Benelux-based mid-market companies operating in the industrial, services and retail sectors. The GP is currently investing via Bencis Buyout Fund V, which closed on €425m in 2016. 

Bencis had not responded to requests to comment at the time of publication, while Holland declined to comment. 

Previous funding
Holland originally acquired a majority stake in Highcare in 2010, investing via its €70m NPE Holland Venture Partners Fund I, Unquote understands.

At the time of the investment, the business was specialised in medical staffing. It pursued an active buy-and-build strategy, acquiring Ambucare, SEHV, EMC, Latona and Fydalo, as well as Zorgzuster in 2018, a platform for freelancers operating in the healthcare sector. The newco EMC Group was formed to incorporate these businesses.

Company 
EMC specialises in temporary employment in the medical and care sector. The business generates a €35m turnover, a person familiar with the situation confirmed to Unquote. It operates both the brands Highcare and Zorgzuster.

Highcare was founded in 1996 and is based in Roosendaal. 

People 
EMC Group – Ralph Smeets (CEO). 

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