Raet, an Amersfoort, the Netherlands-based provider of technology and business process outsourcing for Human Resources, has been acquired by funds advised by CVC Capital Partners.
CVC is acquiring the company from funds advised by Alpinvest Partners BV and Advent International plc.
The investment, which is expected to take place in the fourth quarter of 2011, will enable the company to continue to roll out its business strategy, which is based on innovation in human resources management technology (“e-HRM”) and in the market for outsourcing of HR services. The company intends to grow organically and through acquisitions to strengthen its position in existing markets and to expand into adjacent market sectors.
Led by CEO Cees van den Heijkant, Raet offers the full range of HR functionalities including absence management, recruitment and selection, flexibility of term of employment, training and education and employee development. It also provides fully outsourced administrative HR services to companies such as Deloitte, Randstad and Quinto and Randstad. The company also offers its services via Software-as-a-Service (SaaS) solutions.
Raet currently has approximately 12,500 clients