Randstad NV Acquires Grupo CTC from Portobello Capital
July 20, 2023
Randstad NV has signed an agreement to acquire Grupo CTC, a Spanish outsourcing provider of industrial, logistics and sales & marketing services, from Portobello Capital. The deal (enterprise value €80.5 million) expands Randstad’s value-added service capabilities and strengthens its leadership presence in Spain; Grupo CTC generated about €230 million in revenue in 2022 and operates from multiple offices and logistics facilities across Spain and Portugal.
- Buyers
- Randstad NV
- Targets
- Grupo CTC
- Sellers
- Portobello Capital
- Industry
- Staffing & HR
- Location
- Spain
- Transaction Type
- Buyout
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