Seafort buys Die Jobmacher

The deal was sourced via corporate finance house Mummert & Company, which organised a limited auction process.

Seafort did not leverage the transaction; however, the business will receive a shareholder loan. Seafort plans to grow the company organically and has already identified potential targets for add-on acquisitions, stating it plans to benefit from the current consolidation in the sector.

Die Jobmacher's founder Hannes Schneider, who previously built a similar business called Time Partner, will leave the company's management. He retained a minority stake and joined Die Jobmacher's advisory board.

The GP is currently investing from its second Seafort Advisors Fund, which closed in Q4 2015 on €50m. The first vehicle had closed on the same sum in 2013.

Company
Founded in 2010 and based in Kiel, Die Jobmacher is a temporary working agency. The company has 16 branches across Germany and achieved revenues of €30m in 2015.

People
Seafort Advisors – Johann Herstatt (partner).
Die Jobmacher – Markus Webelhaus (CEO).

Advisers
Equity – CMS (legal); EY (tax); Lansdowne Capital (commercial due diligence).

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