Factor Business Acquisitions - Working Spirit ICT

Description

Antea takes majority stake in Working Spirit ICT
Investment company Antea has taken a 60% majority stake in Working Spirit ICT. Working Spirit ICT operates as a secondment and training provider of ICT professionals. The participation by Antea contributes to the further growth ambition of Working Spirit ICT. Factor Business Acquisitions supported Working Spirit ICT throughout the acquisition process.

Working Spirit ICT seconds ICT professionals in the field of software development (.Net and Java) and IT infrastructure. Working Spirit ICT also trains and retrains ICT professionals ('Working Spirit Academy'). Through the Academy, Working Spirit ICT offers a solution for the shortage on the market of ICT professionals.

Factor Corporate Acquisitions acted as adviser to Working Spirit ICT throughout the acquisition process. The activities of Factor Business Acquisitions included valuation, drafting an information memorandum, approaching parties and conducting negotiations as well as guiding and coordinating the due diligence and legal completion, up to the transfer at the notary.

Richard Oosterhuis describes his personal experience with Factor Business Acquisitions as follows:
"For me, Factor's service was open and transparent. Factor ensures a good relationship with the buying party and all advisers involved, creating a good rapport and trust during the acquisition process back and forth."