Gilde acquires Actief Interim

Management and Gilde Equity Management are pleased to announce the acquisition of Actief Interim, a highly successful temporary staffing provider, from its current shareholders KBC Private Equity and Indufin. Management will become a significant shareholder in the company.

Actief Interim, founded in 1988, is one of the largest independent staffing companies in Belgium, with revenues of approximately EUR 144 million in 2010. Over the past ten years, the company has expanded its local branch network from 15 to 51 branches at present. Actief Interim has a leading position in the SME market segment, with a strong presence in the construction and service coupon markets

Mark Maesen, CEO of Actief Interim comments: “Our strategic focus will be to further expand our branch network without any compromise to our quality standards and service offering. We are pleased to see that Gilde Equity Management fully endorses this strategy. Since 2007, under KBC PE and Indufin's ownership, Actief Interim was able to successfully grow and expand its network with 17 new branches, despite difficult market circumstances. We are grateful for the constructive cooperation and support of KBC PE and Indufin over the past years and are looking forward to embarking on the next phase in the Company's life together with our new partner, Gilde. We can also further explore potential expansion opportunities in neighbouring countries and we look forward to working with Gilde on the continued success of our company.”

The transaction is subject to customary competition authority approval.

NIBC acted as financial advisor to KBC Private Equity, Indufin and Management. Allen & Overy and Linklaters acted as legal advisors.

About Gilde Equity Management Benelux

Gilde Equity Management Benelux is a renowned private equity investor, focused on realizing midmarket management buy-outs in the Benelux region, with EUR 500 million of assets under management. Examples of investments include Hamal Signature, the leading Belgian salad producer and marketer, owning strong brand names like Delio, Johma and Hamal; Dunlop Protective Footwear, the European market leader in protective footwear operating under the Dunlop brand; HG International, a branded supplier of specialist cleaning products in Belgium, The Netherlands and the UK and NSPYRE, a strong growing Dutch market leader in the secondment of technical automation professionals

About KBC PE

KBC Private Equity (www.kbcpe.be) is the private equity company of the KBC Group with an experienced team of 12 people and more than 50 active investments in portfolio.

About Indufin

Indufin (www.indufin.be) is a private equity investment company owned by Luxempart (a listed company in Luxembourg) and De Eik (a private company in Belgium). Indufin invest in mediumsized companies in Belgium and Luxembourg and selected investment opportunities in neighbouring countries. Indufin develops a strong partnership with the companies in which it invests, based on mutual trust and a shared strategic vision. At present, Indufin has a portfolio of 12 participations.

For more information

Actief Interim
Mark Maesen, CEO
Tel. +32 (0)13 35 34 33
E-mail: actief.interim@actief.be
www.actief.be

Gilde Equity Management Benelux
Gerhard Nordemann, Managing Partner
Tel. +31 (0)30 21 925 55
E-mail: nordemann@gilde.nl
www.gembenelux.com

KBC Private Equity
Floris Vansina, Managing Director
Tel: +32 (0)2 429 51 74
E-mail: floris.vansina@kbcpe.be
www.kbcpe.be

Indufin
Guy Wygaerts, Managing Director
Joris Rome, Senior Investment Manager
Tel: +32 (0)16 39 30 40
E-mail: indufin@skynet.be
www.indufin.be