Proof of performance: Luzac
The previous owner, United Services Group (USG), which is one of the Netherlands’ largest temporary employment organisations, did not want to invest in the further growth of Luzac because the company did not constitute one of its core activities. The education company consequently began looking for a parent company that did want to invest in its further growth and ultimately found the right partner: Rabo Private Equity.
The buy-out by Rabo Private Equity enabled Luzac Holding to launch Luzac Lyceum. The concept has proven to be a tremendous success with nine locations being opened in under a year. Majority shareholder Rabo Private Equity provides the financial resources required to carry out the growth strategy that is supported by both parties.
Deal characteristics
• Management buy-out whereby Rabo Private Equity acquired 80% of the shares and the management acquired a small minority interest
• Growth financing
Deal in a nutshell
The Board of Directors of Luzac recognised opportunities for further growth, but was unable to achieve this potential under the previous owner, the listed temporary employment group United Services Group (USG).
Management buy-out in which Rabo Private Equity acquired a majority participating interest 80%) and provided the prospect of growth financing.
Luzac Opleidingen, Rabo Private Equity, the management and USG.
20 June 2006
The Hague.
Case in full
Contact Information
Rabo Private Equity
PO Box 94288
1090 GG Amsterdam
Nederland
T. +31 (0)88 72 00 100
F. +31 (0)88 72 00 117