Transactions - Business services

HelloFlex Group, provider of a complete solution for the Dutch temporary staffing market, was acquired by management in a management-buy-out.

NFP, a US-headquartered, private-equity-owned insurance broker and consultant, acquired both Johnson Fleming Group and Johnson Fleming Future Life Planning.

Linja Arkkitehdit Oy, an architectural services firm, was sold to Swedisch Sweco.

SEI Group, a portfolio company of Narrow Gauge Capital, was sold to Quad-C Management, a private equity firm based in Charlottesville, VA.

Frontline Accounting, a provider of offshore staffing solutions from the Philippines to accounting firms based in Australia, the UK, and the US, received an investment from Sierra Madre, a Philippines-based PE firm.

The shareholders of Delta Service Location, an industrial equipment rental company, sold their shares to private equity investors and management in an LMBO transaction.

Supercharge, a digital transformation company based in Hungary, signed an agreement for the sale of a majority stake to Siili Solutions (HEL: SIILI), a publicly-listed IT consultancy based in Finland.

Pack Solutions, a leading player in outsourced management of life insurance and pension insurance products, reorganized its capital with Siparex Intermezzo.

Pinnacle Data Systems, LLC was sold to Doxim Inc., a portfolio company of GI Partners.

Luandre, the leading work agency in Brazil, was sold to Grupo GPS, one of the largest providers of outsourcing services.

CREAD Institut, an interior design school, was sold to Groupe EDH.

Techstep ASA, a managed mobility services provider in the Nordics, acquired Optidev AB, a leading Nordic supplier of turnkey mobility solutions with focus on transportation and logistics and public safety sectors.

CER Cargo Holding, a leading privately-owned rail freight cargo company, raised EUR 6.3 million from Széchenyi Funds, a state‐owned private equity fund.

Green Fox Academy, Budapest‐based bootcamp offering new education products for the tech‐driven labor market, raised fund from Impact Ventures, Hungarian investment fund with focus on social innovation.

Confirma Software AB, backed by US private equity firm Abry Partners, acquired DataVara AB, a leading Swedish provider of payroll systems and services for the SME segment.

Elcoline Oy, a Finnish provider of contracting and maintenance services for industrial customers, acquired parts of Caverion Industria’s business operations in Finland.

Frigo ‘s-Heerenberg, a Dutch cold store company providing temperature-controlled storage of food products, was sold to PE backed Lineage Logistics.

Sanaga Group (EDEA), a specialist in outdoor landscaping in complex environments, acquired DecoJardins and KaRenoc.

Cloudstaff Modern Workforce, a leading global cloud-based workforce provider, raised USD 20 million in Series B funds from Philippines-focused private equity firm Navegar. Cloudstaff is incorporated in Australia and based in the Philippines.

Korus, a French interior design and construction services company, acquired Le Bureau Contemporain.