ACCENT Jobs For People N.V., the Belgium-based provider of recruitment and leasing services and a portfolio company of Naxicap Partners, the France-based private equity firm along with the management team of Abylsen Group, the France-based company engaged in providing engineering and technology services, have acquired the company in a management buyout transaction, from Vespa Capital LLP, the UK-based private equity firm, for an undisclosed consideration.
As per terms, the management team will acquire 38% stake and Mr Michel Abecassis will sell all its shares. The acquisition is in line with Accent’s strategy to accelerate its growth in the international market and focus more on highly qualified profiles that represent a higher added value. Abylsen has 700 staff members and it generated revenues of around EUR 71m in the year 2014. In June 2012, Vespa Capital LLP acquired Abylsen Group in a management buyout transaction, from Michel Abecassis.