Private equity firm Inflexion has backed the management buyout of Calco, a Dutch provider of outsourced IT recruitment and training services to large blue-chip corporates.
Calco was founded in 2004 and is specifically focused on the provision of junior professionals, mainly to the finance and insurance sectors. Its clients include the main banks and the top insurance companies in the Netherlands.
More recently Calco has entered into new industry segments such as consumer goods, telecoms, energy, logistics and healthcare and aims to continue to expand into these newer markets.
The company offers clients a ‘try before you buy” model through its MasterClass programme, where new joiners are intensively trained over two months, tailored to client specifications, and then placed at client sites under contract for 22 months. At the end of their placement the client has the free option, but not the obligation, to offer an employment contract to the employee.
As well as the MasterClass programme, Calco also provides junior and experienced IT employees of MasterClass quality to clients on a temporary basis.
Kelly Grooteman, CEO of Calco, said, “With their strong industry knowledge, Inflexion is a natural partner for Calco and we are excited about the next stage of our development together. Calco has shown consistently strong growth over the past few years and we believe that together with Inflexion there is scope to accelerate that growth. We remain focused on delivering best-in-class service to our clients.”
John Hartz, Managing Partner at Inflexion, added, “Calco operates in an industry we know well and benefits from the leading market position in the Netherlands with a blue chip client base in a growing market. We look forward to drawing upon our industry experience as we partner with Calco’s strong management team to support the company’s ambitious growth strategy going forward.”