Sale of Jumbo’s payroll administration and HR support activities to RAET

After the succesfull integration of Super de Boer and C1000, Jumbo decided to outsource non-core activities to strong and reliable partners. The payroll administration and HR support activities were considered non-core. After a competitive process, these activities were sold to Raet N.V. Quore Capital acted as sole financial advisor of Jumbo.

December, 2016

• Client: Jumbo
• Target: Payroll administration and HR support
• Buyer: RAET
• Seller: Jumbo