Varenne AB, has divested Pema Sweden AB (“Pema”), a pioneer in the blue-collar staffing sector, to Jobandtalent Sweden AB (“Jobandtalent”), a Spanish temporary staffing platform with investors including Softbank, Blackrock and Atomico. The transaction enables Jobandtalent to establish their staffing marketplace solution in Sweden by partnering up with a strong local player with extensive expertise within the market. MCF acted as adviser to Varenne AB, as well as minority owners of Pema, and helped to facilitate a successful transaction through its proven ability to originate and execute transactions within the business services segment.
MCF advises Varenne AB on the divestment of Pema Sweden AB to Jobandtalent Sweden AB
“MCF has shown strong dedication in this intense project and has in an excellent way guided us throughout all the steps of the process, making it possible to complete the sale of Pema within the tight time frame set out. We at Varenne are once again very happy with MCF’s assistance in yet another divestment"
CEO of Varenne
Jobandtalent is a Spanish based digital temporary staffing agency, with presence in eight countries in Europe and South America. The Company offers an on-demand staffing marketplace, matching the right talent with the right job based on machine learning. Investors in Jobandtalent include Softbank, Blackrock and Atomico. In this transaction MCF supported Varenne and the minority owners in identifying a suitable new owner to foster Pema’s position in the staffing market. The acquisition of Pema adds a growth platform for Jobandtalent to create an on-demand staffing marketplace in Sweden, which is in line with their international growth strategy.
Pema, founded in 1997, offers specialised blue-collar staffing solutions and contracting services in lots of different areas, including industry, warehousing and logistics. Through offering unique tailored staffing solutions Pema has grown substantially over the last years and today has approx. 1,300 employees. Based in Norrköping, Pema has a stronghold in Östergötland and eastern Sweden, with local presence in Western and Southern Sweden as well.
Lars Thorén, CEO, Varenne said: “MCF has shown strong dedication in this intense project and has in an excellent way guided us throughout all the steps of the process, making it possible to complete the sale of Pema within the tight time frame set out. We at Varenne are once again very happy with MCF’s assistance in yet another divestment”
About Varenne AB
Varenne, founded by Tommy Jacobson in 2001, is an investment company targeting unlisted, entrepreneur-led Nordic growth companies seeking expansion capital as well as a long-term financial partner.
About Jobandtalent Sweden AB
Jobandtalent, founded in 2009, is a Madrid based on-demand staffing marketplace with the aim to make the labour market more accessible to reduce unemployment and hiring inefficiencies. The Company is present in Spain, the UK, Germany, Sweden, France, Mexico, Colombia and Portugal with more than 1,500 companies using the platform to find the right workers for temporary roles.