FBM Corporate Finance completes unprecedented M&A deal
FBM Corporate Finance, a key player in the Dutch financial advisory landscape, is celebrating the successful completion of a remarkable M&A transaction. In a unique deal, the companies GoodtobeBetter, Fincade, and STRADIS have merged into a single entity under the new brand name: The Trainee Company.
A strategic merger under Quadrum Capital
The newly formed entity, backed by Dutch investment house Quadrum Capital, will offer traineeships across IT, Finance, and Healthcare sectors, with plans to introduce a data traineeship in the near future. This consolidation aims to enhance the development of young talent and better meet the evolving demands of employers.
Navigating a complex deal
The transaction, known as the ‘Stockholm Project,’ was a complex and challenging undertaking. The founders of Fincade and STRADIS sought to exit their businesses, prompting FBM to explore a sales process. Concurrently, FBM engaged with industry peers GoodtobeBetter and GoodtobeBetter Finance to discuss potential merger opportunities.
FBM’s Derk Kropholler and Michiel Dullaert proposed a strategy to merge all four companies in one transaction, creating a formidable market position. This approach required extensive coordination among stakeholders to align short-term objectives and long-term vision.
The process involved drafting a comprehensive information memorandum and consulting with selected investment companies. Despite interest from numerous parties, only a few investors were prepared to assume the integration risk. Ultimately, Quadrum Capital’s hands-on investment approach resonated with all parties, driving the project forward.
An intensive due diligence process
The deal saw four parallel due diligence processes and the development of a detailed business plan in collaboration with Quadrum. This thorough preparation led to the conclusion of four purchase agreements, culminating in the successful integration of the companies.
Looking ahead
With five remaining shareholders and Quadrum Capital leading the way, The Trainee Company is set to achieve its shared ambitions. FBM Corporate Finance is proud to have guided this intricate and multi-faceted transaction to a successful conclusion.
FBM is a member of CapEQ’s international network, underscoring the firm's significant role in facilitating complex M&A deals.
