Founder, private shareholder and Lead Equities have sold SOLCOM to House of HR, a portfolio company of Naxicap Partners
SOLCOM, headquartered in Reutlingen, Germany, is a provider of expert contracting services, connecting companies from various industries with freelance experts for external project support. SOLCOM focuses primarily on the lucrative, highly specialized information technology (IT) and engineering segments. Benefiting from its unique comprehensive database of more than 92,000 expert profiles, SOLCOM is one of the market leaders in Germany.
Lead Equities acquired SOLCOM in 2010 with the company’s founder retaining a minority stake. Together, the shareholders supported the company’s continuous development. Today, SOLCOM is ideally positioned to benefit from the rapidly growing demand for IT transformation.
SOLCOM is a strategic acquisition for House of HR, giving the group a strong foothold in the IT sector and further strengthening its presence in the German human resources (HR) services market. With the acquisition of SOLCOM, House of HR is now estimated to be the third largest HR company in Germany.
Friedrich Bieselt, Managing Director and Management Board Member, commented, “SOLCOM has shown truly impressive development since we advised its founder on the sale to Lead Equities in 2010. With House of HR, we are proud to have found a great new partner for SOLCOM to further develop its leading position in this attractive growth market.”
Lead Equities is a private equity investor of mid-market companies in German-speaking Europe. Headquartered in Vienna, Austria, the independent partnership is focused on shareholder buyouts and growth financing in predominantly the service and technology segments.
House of HR
House of HR is a leading European HR service provider. Headquartered in Roeselare, Belgium, the group consists of eight companies that together represent over 40 brands focusing on specialized talent solutions, engineering and consulting. House of HR provides work to over 43,000 people every month and has 3,500 employees spread over more than 600 offices in Europe.
Naxicap is a private equity firm, operating in all sectors and focusing on leveraged buyouts and growth capital. For more than 30 years, Naxicap has invested in companies in France, Spain and Benelux through controlling majority stakes.
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