Deal Details

Manpower Adds ettain

Technology & Services

ManpowerGroup acquisition of ettain

Summary

ManpowerGroup (the “Company”) (NYSE: MAN) announced that it has agreed to acquire ettain group (“ettain”) from A&M Capital Partners (“AMCP”). ettain will become part of Experis, ManpowerGroup’s global IT resourcing and services brand. Under terms of the agreement, ManpowerGroup will acquire all ettain’s equity for $925 million to be paid at closing. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close as early as late September 2021.

Baird served as the buyside advisor to ManpowerGroup on this transaction.

About

ManpowerGroup, the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. The Company develops innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. The Company is recognized consistently for its diversity - as a best place to work for Women, Inclusion, Equality and Disability and in 2021 ManpowerGroup was named one of the World's Most Ethical Companies for the 12th year - all confirming our position as the brand of choice for in-demand talent. ManpowerGroup is headquartered in Milwaukee, Wisconsin.

ettain group is the Talent Solutions Company that delivers Recruitment Solutions and Managed Solutions in 5 practice areas: Technology, Healthcare IT, Digital, Professional, and Government. From discovery to execution, ettain helps its clients successfully design, develop, and deliver critical technology and business initiatives, from providing individual resources, to staffing and managing programs and projects, to running entire recruitment processes. Founded in 1996, ettain offers opportunities across North America, with 28 offices located in 24 key markets. ettain is headquartered in Charlotte, North Carolina.

A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of approximately $1.8 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that the firm believes is required to take businesses to the next level of success. More broadly, Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3.0 billion in total assets under management across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal is headquartered in Greenwich, Connecticut.

Technology & Services

ManpowerGroup acquisition of ettain