CVC AGREES INVESTMENT IN WORLD OF TALENTS TO ACCELERATE GROWTH STRATEGY AND BECOMES MAJORITY SHAREHOLDER
This investment will mark the beginning of an exciting new chapter for World of Talents, with the goal of accelerating growth, diversifying its offering and expanding its geographic footprint - nationally and internationally. "We are excited to partner with CVC, whose global scale will help us further realize our mission and increase our impact on the HR community," said Steve Rousseau, CEO of World of Talents.
Baltisse is selling its majority stake but is reinvesting a significant portion. “We are extremely proud of the growth that World of Talents has achieved over the past five years since our entry. We are convinced that the necessary foundations were also laid and that they form the basis for continued growth in the future. We look forward to remaining closely involved with management and CVC in this success story. This reflects our belief in the company's potential and our dedication to further support its ambitious growth plans,” said Toon Hylebos, Senior Investment Manager at Baltisse.
CVC will use its extensive international network and expertise to support World of Talents in achieving its strategic goals. "We are impressed with what World of Talents has achieved to date and look forward to working with Steve and his team and in partnership with Baltisse, to support exciting next phase of growth," said Steven Buyse, Managing Partner and Maxim De Vos, Senior Managing Director at CVC.
This new partnership provides for promising opportunities for World of Talents to expand its offering, accelerate growth and achieve further geographic international expansion.
About World of Talents
World of Talents is a specialized, international HR group with a strong focus on bottleneck professions and talent management.
It operates in outsourcing, interim (management) and recruitment & selection, together accounting for a turnover of c. EUR 360 million, EBITDA of c. EUR 50 million and 4,512 active FTEs.
The holding is active in Belgium and the Netherlands under the House of Talents brand. In Belgium, it has 12 specialized divisions: Care Talents & Human Supports Medical, Engi Talents, Executive Talents, Financial Talents, Food Talents, HR Talents, ICT Talents, Sales Talents, Science Talents, Supply Chain Talents, Technical Talents and Quintessence, the market leader in assessment and talent management.
House Of Talents Netherlands offers customised interim solutions, with over 1,000 driven and entrepreneurial experts at the top 500 clients in the Netherlands. They operate from 1 holding company with 13 specialised domains: Data Talents, Dev Talents, Digital Talents, Engi Talents, IT Infra Talents, IT Test Talents, Integration & Application Talents, HR Talents, Leadership Talents, L&D Talents, Project & Change Talents, Public Talents and Pragmatics. In addition, World of Talents also includes Obvious People, which specializes in Salesforce developers, from the Netherlands.
In 2023, World of Talents also set foot in Germany through the acquisition of easyCare, an HR company specializing in the medical sector.
A strategy focused on both organic growth and acquisitions creates the success story called World of Talents. Moreover, World of Talents only pursues acquisition when the DNA of the parties involved fully matches; with the aim of further strengthen the specialized HR service offering.
Transaction
The transaction was advised by Allen & Overy, Clifford Chance, Deloitte and Rothschild for World of Talents and by Freshfields, EY, CFI and Lincoln for CVC. No further financial details of the transaction are being disclosed.
