Deutsche Private Equity Establishes DID Industriedienstleistungen Holding; Invests in Sonesto

Funds advised by DPE Deutsche Private Equity GmbH have established DID Industriedienstleistungen Holding GmbH (DID), a Düsseldorf, Germany-based temporary staffing provider for qualified human resources services.
The new company, which plans to grow organically and through a targeted buy‐and‐build strategy, currently employs around 500 people. It opened nine offices across Germany in the last quarter of 2010 and is planning to open six new offices in the coming year.
DID offers highly qualified temporary staff and places experts and executives in specialized industries such as Energy and Power Services, Electrical and Industrial Services and offers extensive personnel management solutions.

As part of its buy‐and‐build strategy, DPE has already made its first add‐on acquisition by buying Oldenburg-based Sonesto GmbH, former Pensum Gesellschaft für Personaldienstleistungen mbH.

Founded in 1999 the company provides qualified human resources services in the North‐West of Germany.
Sonesto’s services include personnel placement and temporary staffing servicesin particular for skilled labor in commercial and office work as well as engineers, technicians and computer scientists.
The company currently has 600 employees at five locations and is pursuing further organic growth by opening two additional locations in 2011. In the transaction, Sonesto’s management reinvested in the company.
DID GmbH and Sonesto will operate within the framework of DID Holding while each company will maintain its own brand. The transaction with Sonesto is designed to reinforce the operational business of DID group and create a platform for further organic as well as external growth.
Co‐Investor Alexander Tan, was also appointed CEO of DID Holding.

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