mynth
11/2024MajorityLBO

Knop Investments takes majority stake in GITP

NETHERLANDS Professional Services / HR & Capital REV 1m EUR - 100m EUR

Context

Led by the financial sponsor Knop Investments alongside the executive management team, the acquisition of GITP finalizes a fundamental transition in the target's capital structure after 77 years of continuous historical independence. Officially executed on November 19, 2024, this leveraged buyout orchestrates the complete transfer of all outstanding shares from the historical sole shareholder, the foundational Stichting GITP. Under the newly established financial architecture, the acquiring family-backed investment firm secures absolute majority control of the human capital specialist, while the incumbent leadership cadre, steered by Chief Executive Officer Else Slegers, actively reinvests to acquire a strategic minority equity position. This specific management buyout mechanism guarantees strict operational alignment between the incoming institutional capital and the existing organizational vision. The strategic rationale underlying this transaction centers on financing a highly ambitious dual-pronged expansion thesis: executing a programmatic buy-and-build consolidation strategy and aggressively funding the internal modernization of proprietary digital assessment technologies. The freshly deployed funds will immediately support the recruitment of specialized new talent and fundamentally scale the firm's online service delivery capabilities to meet evolving corporate demands. The transaction perfectly aligns with the acquiring fund's core mandate, specifically targeting assets that produce an EBITDA situated between €1 million and €15 million. To flawlessly execute this complex structural change of control, the selling foundation officially mandated the corporate finance boutique Lindenaar & Co to act as the exclusive sell-side financial advisor throughout the entire competitive process. The mandated advisory team took comprehensive responsibility for drafting the confidential information memorandum, constructing the foundational financial model, systematically identifying potential institutional investors, and rigorously evaluating incoming bids. Furthermore, Lindenaar & Co directly piloted the final contractual negotiations and strictly coordinated the exhaustive due diligence procedures required prior to the definitive signing. Internal deal execution for the acquiring sponsor was managed directly by the dedicated investment professionals Maurits Koning and Maarten Prins, securing the patient capital necessary to scale the acquired platform.

GITP, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Specialist in applied psychology and data-driven human resources analysis, GITP provides objective assessment and leadership development services to corporate organizations. Founded in 1947 as the Gemeenschappelijk Instituut voor Toegepaste Psychologie, the Dutch advisory firm operates a comprehensive portfolio of live and online talent evaluation tools designed to quantify professional potential. The company's core business model integrates scientific behavioral research with advanced analytical platforms to support complex hiring, promotion, and workforce structuring decisions. Functioning under the executive leadership of General Director Huib Broekhuis, the institution maintains a significant operational footprint across the Netherlands, servicing a broad spectrum of enterprise clients. The organizational structure is rigorously focused on delivering evidence-based insights that align individual capabilities with specific corporate requirements. The firm relies on a vast network of specialized psychologists and HR consultants to execute its standardized testing protocols and customized development advisory mandates. By centralizing its proprietary assessment data, the group continuously refines its diagnostic methodologies to accurately measure organizational competencies and drive sustainable workforce optimization across multiple industries.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
€1–100M
[members only]
[members only]
2023
€1–100M
[members only]
[members only]

Other operations with GITP

Other operations with GITP
DateAcquirerTargetCountrySector
10/2026GITPLTPNETHERLANDSHR & Capital
09/2026GITPLUDENS TALENTONTWIKKELINGNETHERLANDSVocational Training

Other operations with Knop Investments

Other operations with Knop Investments
DateAcquirerTargetCountrySector
10/2026KNOP INVESTMENTSVOSTERMANS VENTILATIONNETHERLANDSComponents
04/2025KNOP INVESTMENTSAVANCE CARE GROUPNETHERLANDSMedical Devices

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REFERENCES

Revenue range: REV 1m EUR - 100m EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GITP by Knop Investments are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: gitp

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in GITP, a Dutch company specialised in HR & Capital, by Knop Investments in 2024, structured as a leveraged buyout (LBO).

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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