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Polish temporary staffing agency
2200 staff working for high profile names
The company is a Poland based temporary staffing provider that is active since 2013. The company’s main activity is temporary staffing. As complementary activities, the company offers outsourcing and sickness management services – in particular the latter is a strong USP compared to other staffing providers, though not relevant in terms of direct contribution to turnover or net result.
- Country: Poland
- Foundation: 2013
- Branches: 12
- Current #temporary staff: 2.200
- Turnover 2018: € 23m
- Gross margin: 8%
- EBIT: 2,5%
- Valuation (expectation): € 1,2m for 50%
- € 2,0m for 75%
- € 3,0m for 100%
Focused on Poland
The company focuses on Polish people for Polish jobs, and is currently working on a project to enter the German market as well. Despite being on the market for a relatively short period, the company has a well-known brand name.
Anticipating - and showing - strong growth from the very beginning, the company has invested early on in one of the leading software systems available in Poland, with excellent back-office infrastructure. The branch network with 12 offices covers the whole of Poland.
The company’s client portfolio is comprised of around 100 companies, including several high-profile names like Flextronics, Ikea, Heinz and Sonoco. No client is so important that it constitutes an existential risk for the company in case cooperation would be terminated.
Due to the owner extracting money from the company for other investments and personal use, current profitability is reduced; Due diligence will show an EBIT level from regular operations of around 4%.
The (100%) owner and CEO is convinced that teaming up with a large international player will strongly increase the Company’s competitive strength necessary for the next stage of development; Hence his interest in a (partial) sale. As such, he also prefers to stay in the company.
Reason for sell
The current entrepreneur wants to find a (strategic) partner for further growth of the company.
The selling entrepreneur wants to align with the buying party what share exactly will be sold.
The selling entrepreneur points out that he is open for as well a 1) share transaction as a 2) asset transaction. This will be in mutual agreement.