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PRINT THIS PAGE Barclays Private Equity to sell TUJA to Adecco for €800m19/06/2007. Source: AltAssets. 
 European mid-market private equity firm Barclays Private Equity and TUJA Group management have agreed to sell German HR services firm TUJA to Adecco for approximately €800m, including €200m in debt.
TUJA operates a network of 127 branches, 105 of them in Germany, 11 in Switzerland, and 11 in Austria.
Barclays Private Equity acquired 90 per cent of TUJA in March 2006 from Berlin-based Odewald & Compagnie.
Dirk Schekerka, managing director of Barclays Private Equity, said, 'The TUJA Group's impressive expansion is an exemplary case of corporate growth and successful internationalisation of a mid-sized company via solid private equity financing and good management.'
Barclays Private Equity has had a presence in Germany since 1998. Last year the German team led the MBO of Ratioform, a German mail order company for shipping packaging, from the founding family shareholders. The German team's most recent exit was Stamptec, a German developer and manufacturer of ready-to-install sheet metal parts, composite components and assemblies, mainly for the automotive industry.
Barclays Private Equity is part of Barclays Capital, the investment banking arm of the Barclays Group.
Copyright © 2007 AltAssets
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