Sale of TENTOO to Pay for People Group, backed by Waterland

TENTOO was the first company in the Netherlands to introduce payrolling in 1992. Today, TENTOO is one of the Dutch market leaders in providing payrolling services, mainly to freelancers, self-employed people and SMEs. TENTOO was sold by its shareholders (majority owned by De Hoge Dennen Capital) to industry counterpart Pay for People Group (backed by Waterland Private Equity). Quore Capital acted as sole financial advisor to the shareholders and the management of TENTOO.

June, 2017

• Client: De Hoge Dennen Capital
• Target: TENTOO
• Buyer: Pay for People Group (backed by Waterland Private Equity)
• Seller: De Hoge Dennen Capital and (former) management