July 12, 2022
Translink Corporate Finance advised neusta consulting GmbH, a leading IT-recruiting and staffing company in the DACH-area, on its sale to Cpl Resources plc.
Through the acquisition, the company will be able to offer its clients a broader array of services. Together, Cpl and OUTSOURCING Inc now have access to a global sourcing and delivery network of 250+ sister companies, across 39 countries, spanning 6 continents. With neusta consulting, another strong player has now joined the DACH region.
In addition, neusta consulting is active in the field of temporary staffing in the IT sector through its 100% subsidiary, nc temp GmbH. With around 60 employees, neusta consulting is one of the leading German companies in this market. Further growth within the DACH region and beyond is a strategic goal for the coming years, which can now be achieved with Cpl Resources.
“Mr. Hüchting and Mr. Wolter from Translink were always approachable, highly professional throughout the whole process and helped us through the most difficult situations of the negotiations. In the end, both we and the buyer are highly satisfied with the result,” noted Thorsten Prüser and Gudrun Müller from neusta consulting.
neusta international GmbH is the holding company of the following companies: neusta consulting, neusta aerospace, neusta France, neusta eastern Europe. The aspects described above relate to the sale of neusta consulting to CPL. Before this sale, neusta eastern Europe, neusta aerospace and neusta France were sold to the respective minority shareholders. Translink acted as sell-side advisor in all 4 transactions. The disposals of the three daughter companies were not disclosed last year due to confidentiality. However, it should now be described and mentioned that over a process of two years, the entire group has been sold. The highlight of this structured process was the sale of neusta consulting to CPL.
“A long journey comes to an end. Over the past two years, we have worked hard with our client to find the best solution for the sale of neusta consulting group. Finally, we have succeeded in maximizing shareholder value through a combination of three MBOs in Germany, France and Romania and a trade sale of neusta consulting Germany to Cpl Resources, headquartered in the Republic of Ireland, part of OUTSOURCING Inc., Japan. I believe this can be recalled as one of our most international projects in the recent years and it clearly demonstrates the ability of Translink to optimize shareholder value by leveraging our global reach and building on decades of transaction experience,” concluded Andreas Hüchting, Managing Partner at Translink Germany.
Contact our Team Members advising in this transaction:
Translink Corporate Finance GmbH & Co. KG has offices in Frankfurt and Bremen covering Translink’s business in Germany, Austria, and Switzerland. It is composed of seasoned finance and M&A professionals who have in-depth experience in a variety of sectors and disciplines.