Business services & technology
N.D.
France FR

Scope of intervention

Sycomore Corporate Finance advises Andera Partners

Date of closing

Ongoing

Mistertemp’ group announces the reorganization of its shareholding: Andera Partners succeeds Montefiore Investment

Rationale

Mistertemp’ group distinguishes itself with an extremely attractive offer to its franchisees: for an initial personal contribution of €25,000, a franchisee generates an average yearly turnover of €2.5M. With thirty new agencies each year, the group now has 200 agencies in France and 10 in Italy. Since Montefiore’s investment in 2017, Mistertemp’ group’s annual business volume has grown by 25% per annum, reaching €420M in 2023.

Through its Lynx RH brands for support functions, engineering and IT, Aquila RH for industry, logistics and BTP and Vitalis Medical for health professionals, more than 60,000 people thus work for 12,000 small-and medium-sized company and large account clients. For around thirty large account clients, Mistertemp’ group has specifically implemented its “Digital Onsite” offer which combines the strength of its digital tools with the physical presence of HR experts of the Mistertemp’ group on the large sites of its clients.

The group now seeks to exceed €1Bn in business volume by 2028, by rolling out networks throughout French and Italian territories and expanding across new countries such as Germany and Spain, as well as reinforcing its digital platform.

 

Mistertemp’ Group at a glance

Established in 2009, Mistertemp’ group is a leader in the interim sector connecting a network of more than 200 agencies in France through the power of a digital tool. In order to enhance market liquidity without destabilizing it, the objective of the company is to digitize and revolutionize the interim sector while maintaining a human link and strong support. It fosters growth and change of skills of companies by offering to its 12,000 clients and 2,600,000 candidates flexibility in research and responsiveness in employment. The teams thus secure the daily employment of 8,500 people.

Montefiore Investment at a glance

Established in 2005, Montefiore Investment is the leading investor in small-and mediumsized and intermediate-sized service companies in France. With a team of 50 employees, and relying on its sectorial expertise and know-how, the company successfully provides support to companies in their growth and development projects. Montefiore Investment has demonstrated its ability to transform the small-and medium-sized and intermediate-sized companies into true European champions. Its performance has secured its position as an indisputable leader in mid-market capital investment. Based in Paris and Milan, Montefiore Investment’s equity under management amounts to €4Bn and it invests between €20M and €200M of equity tickets to finance sustainable and profitable growth of its holdings. Since 2021, Montefiore is also a shareholder and strategic partner of Starquest, a management company dedicated to investments in innovative companies with a high environmental impact (GreenTech).

Andera Partners at a glance

Created over 20 years ago, Andera Partners is a major player in private company investments in France and internationally. Its teams manage nearly €4Bn in investments in life sciences (Andera Life Sciences), growth and buyout capital (Andera MidCap, Andera Expansion/Croissance, Andera Co-Invest), sponsorless transactions (Andera Acto) and infrastructure environmental transition (Andera Infra).

Andera Partners’ mission is to work alongside companies and their managers to support them in achieving strong and sustainable growth. The quality of performance offered to our investors relies on a strong partnership between the entrepreneurs in our portfolio companies and our teams, based on shared values. Performance through collective engagement, the “Power of And”, constitutes Andera Partners’ DNA.

Based in Paris, with offices in Antwerp, Milan and Munich, Andera Partners is wholly owned by its teams, which count nearly 115 professionals, of which 69 investment professionals. It is structured as a partnership and managed by a board of 12 partners.