Dutch-based Parcom reaches deal with Foreman Capital to acquire Utrecht-based Quoratio Group

Dutch investment firm Parcom announced that it has reached an agreement with Foreman Capital, another Dutch investment firm, to acquire Quoratio Group, a Utrecht-based secondment company for administrative processes in healthcare, finance, pensions, social domain and HR/Payroll.

The management of Quoratio Group aims to maintain its current growth plan and corporate culture with Parcom as its partner. No changes will be made to workers, clients, or partners as a result of the deal.

The financial details of the deal will not be disclosed.

Secondment of professionals

Founded in 2000, Quoratio Group provides secondment and consultancy services for critical administrative processes with 750 employees and around 200 self-employed professionals.

The firm is active in five domains – HR process & payroll, healthcare, finance & control, pensions, and social domain & benefits. Additionally, the group also owns a digital & data solutions department for the development of robots, business intelligence, data, and other digital solutions. Quoratio’s aim is to help customers transition to Zero Admin, a way of operating a business in which administration seems to be absent.

Why the acquisition?

In 2016, the Quoratio Group founders sold a majority share to Foreman Capital with a growth strategy for five years. The company says that business has since expanded significantly, both independently and through a number of add-on acquisitions. 

The shareholders and management believe it is time for the next step now that this growth strategy has been successfully executed, with Parcom paving the way for further buy-and-build strategy and future expansion into new markets.

Jochem Kentgens, CEO of Quoratio Group, says, “All interested parties indicated that they were impressed by our company culture and unique character, in which we also recruit individuals who do not necessarily possess a degree. During our search for a new partner, it was vital to us that this should remain so in the future.” 

“We want to continue growing together with our colleagues and retain what we’re already doing right, but with the possibility to achieve our ambitions and plans. Parcom supports this wish, has the necessary experience in secondment in niche areas and has supported many portfolio companies in further growth. I am very thankful to Foreman Capital for their support in the past few years and am pleased that Dick Groen – founder of Quoratio – will remain involved as minority shareholder and advisor,” adds Kentgens.

Brief about Foreman capital and Parcom

Foreman Capital is an independent investment company focused on growing profitable SMEs, active in trade, commercial services, production, and ecommerce. The firm has spent the last 25 years assisting entrepreneurs, director-major shareholders, and family businesses in attaining their goals for business expansion and professionalisation from offices in Amsterdam and Copenhagen.

Maxime Rosset of Foreman Capital says, “It was a privilege to work with Quoratio Group, its management and Dick Groen. Both through organic growth as well as add-on acquisitions, we have transformed the business into a success story together, with a strong position in multiple disciplines. We are pleased to give Quoratio Group a continued and new future with Parcom.”

Founded in 1982, Dutch investment firm Parcom helps management teams and entrepreneurs in accomplishing their goals and leads them through stages of sustainable growth or transition. The firm combines meticulous study with practical and original solutions. Parcom says it is “hands-by” with the management teams of its partner firms because it believes that people make a difference. Companies like Yource and Zorg van de Zaak are partners with Parcom.

Marco van Vliet, Director at Parcom, says, “We are impressed with the position that Quoratio Group has built for itself over the past few years. In addition, we see a strong management team with ambition and a keen eye on the sector. We look forward to expanding Quoratio’s service in partnership with the team and are confident of a bright future for the company.”