Announced
Completed
Financials
Sources
Tags
Cross Border
Completed
Private
Acquisition
Belgium
human resources services
Private Equity
Outsourced HR and Staffing
Minority
Friendly
Single Bidder
Synopsis
CVC Capital Partners, a private equity firm, completed an investment in SD Worx, an HR and Payroll solutions provider. Financial terms were not disclosed. “We are convinced that this partnership will help SD Worx further solidify its leading position in the European HR services and software industry. In our long journey, we have moved from a Belgian domestic player to a European leader, present in 26 countries. In CVC, we have found a strong financial partner endorsing our strategy of organic growth and further international expansion. CVC’s complimentary experience will be important in helping us to achieve our European growth ambition, with WorxInvest as long-term majority shareholder," Filip Dierckx, SD Worx Chairman.
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