Down2Earth Capital has acquired a substantial minority stake in Nestor, a leading staffing agency for individuals aged 60 and above, to support its expansion into new European markets.
Information on the Target
Nestor is a digital staffing company based in Ghent, specializing in the employment of individuals aged 60 and above, as well as retirees. It is recognized as a market leader within a rapidly growing niche in the staffing sector and operates in both Belgium and the Netherlands. The brand has expanded its reach in the Netherlands through its subsidiary brands, ErvarenJaren, which targets individuals aged 50 and above, and 65plus, which focuses on pension-eligible individuals. Nestor has successfully achieved a revenue exceeding €28 million, showcasing the demand for its specialized services.
The company's unique operational model emphasizes digital centralization and leverages the rich experience of older workers in the workforce. This approach not only fills a significant gap in staffing needs but also empowers a demographic that is often overlooked in the labor market.
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Industry Overview in the Target’s Specific Country
The staffing industry in Belgium has been experiencing steady growth, driven by various factors such as demographic shifts and an increasing demand for flexible workforce solutions. Employers
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Disclosed details
Revenue: $30M