Randstad to acquire Grupo CTC from Portobello Capital for €81m.

Randstad, a talent company, agreed to acquire Grupo CTC, a provider of outsourced industrial, logistics, and sales & marketing services to customers, from Portobello Capital, a private equity firm, for €81m. "We believe there is a great opportunity for growth in Spain due to the rising demand for outsourcing, which is being driven by numerous structural trends in the market. This has been an important area of focus for Randstad for some time and the acquisition of Grupo CTC will strengthen our proposition in the country. The transaction is aligned with our growth strategy of complementing our existing operations with highly selective acquisitions which enable us to continue growing in exciting, expanding markets," Sander van ‘t Noordende, randstad CEO.