Auctus acquires JR Holding

Auctus said in a statement it hopes to apply a buy-and-build strategy for JR Holding, as it sees a consolidation opportunity in the German temp market. The GP plans to make further investments in JR Holding to realise this strategy. It does not plan to make changes to the company's management.

Auctus acquired TimePartner, which operates in the same sector, in 2004 and claims it made 10 add-on acquisitions for the business before exiting in 2006 to Investcorp for €250m with an 18x return. 

Auctus currently invests from its fourth fund, which closed in December 2014 on €230m.

Company
Founded in 2009 and based in Ingolstadt, JR Holding is a provider of personnel to companies in sectors such as automotive, chemistry, pharma, retail and logistics. The business has 2,000 employees and 20 offices across Europe.

JR Holding has a turnover of €80m.

People
Auctus – Ingo Krocke (chairperson).
JR Holding – Jürgen Ragaller, Peter Jackwerth (chairpeople).

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