Inflexion is to make a minority investment in YER via its dedicated minority investment fund, Partnership Capital II, acquiring a 25% stake in a deal that values the business at €500 million.
The investment is Inflexion’s second in the Netherlands in the last 12 months following its investment into e-bike component manufacturer enviolo in March 2022.
Founded in 1987, YER focuses on talent in undersupplied fields such as engineering, IT, public sector, and finance to a range of specialist end market verticals. The business has over 950 clients including ASML, Bosch, DAF, KLM, VDL and Rabobank, and operates internationally from nine local offices in the Netherlands, four in the USA and one in Belgium. Inflexion has deep experience in this sector following investments in FDM, K2 Partnering Solutions, Red Commerce, Sparta and Calco.
Working closely with the founder of YER, Jaap Kooijman, and the management team led by CEO Johan Overgaauw, Inflexion will support the growth of the business by further developing existing and new customer relationships and through continued international expansion, both organically as well as through selective M&A.
The transaction, which is subject to customary regulatory approvals, is expected to close in Q1 2023.