Belgian flexible staffing firm Vivaldis announced that Dovesco, the investment firm of Belgian industrial family De Clerck, has acquired a 45% stake in the company. Over the past several years Vivaldis has been rapidly expanding across Belgium and has more than tripled the size of its local branch network, reaching revenues of approximately €100 million. With the new experienced shareholder, Vivaldis will be able to further expand domestically and internationally, and it will roll out its new digital product. The transaction also enabled the selling PE firm Buysse & Partners to monetise a part of its stake in Vivaldis while still participating in further upside.
Crescendo Partners created the management presentation for Vivaldis. The sale process was run by Ernst & Young.