Providence Service Corporation is a listed US-based holding company [NASDAQ: PRSC] whose subsidiaries provide high quality, technology-enabled healthcare and workforce development services. Providence Service Corporation invest in, manage, and build companies that are delivering exceptional value in service industries.
Ingeus Group is an HR consultancy company specialized in the provision of support toward employment for job seekers and professional mobility for workers and enjoys a leading position in its field. Ingeus France, the Group’s French subsidiary, operates in two markets, public (public and semi-public unemployment organizations etc.) and private (structured around firms’ reorganization and restructuring plans) where it enjoys a leading position in its markets. In 2017, Ingeus France had revenues of c. €30m, 85% of which coming from the public market. After some challenging years, Ingeus France has been turned around to a break-even company. Providence decided to refocus Ingeus Group on English speaking geographies and to dispose of Ingeus France.
Midcap Alliance French partner Wagram advised the shareholder of Ingeus Group ie Providence Service Corporation for the sale of its French subsidiary Ingeus France to the German private equity Livia Group.
The process run by Wagram was a true multi-round auction with potential buyers from different countries around the world being some of them solicited via MidCap Alliance Members thanks to our expertise in the Business Services and HR sector.
Wagram Corporate Finance
Advised in the sale of
Ingeus Group (Ingeus France)
to