Business case
Our client, a temporary employment agency and personnel service provider with over 9,000 employees at more than 100 branches in Germany and Spain, was seeking a suitable new investor after the planned exit of their financial investor.
The temporary employment industry was particularly affected by COVID. While companies were able to register for short-time work or furlough schemes, this was not possible for temporary employment agencies.
We were engaged to prepare a financial fact book providing a clear view of the company’s financials. We also supported the client in preparing a long-term business plan and advised on drafting the sale and purchase agreement.