Business Sold
Acquiring Business

Goldenhill Advises Groupe Adéquat on acquisition of AxL

June 2024

Goldenhill M&A Advisors today announced that it acted as an exclusive M&A advisor to Groupe Adéquat in its acquisition of AxL Group, a leading HR services company in Italy. This acquisition is the largest in Groupe Adéquat’s history and marks a significant step in its strategic expansion across key markets in Europe

AxL Group, founded in 2004 by the Rosolen family, has become one of the top 25 HR services companies in Italy, offering innovative HR solutions through its subsidiaries: AxL, AxL Formazione, Job Centre, and Unilinéa. The group operates over thirty offices and employs 300 staff, serving over 10,000 temporary workers daily.

With this acquisition, Groupe Adéquat extends its robust HR solutions to a broader clientele, now comprising 1,900 employees across France, Belgium, Ireland, The Netherlands, Canada, and Italy. This expansion aligns with Groupe Adéquat’s mission to provide tailored recruitment solutions that meet the evolving needs of businesses and jobseekers alike.

Philip Albright, HRTech and Workforce Solutions M&A Partner at Goldenhill said:

“Our team was pleased to support Groupe Adéquat in this significant acquisition. The collaborative efforts of both parties ensured a successful outcome, and we are excited to see the future growth and success this partnership will bring.”

About AxL Group

AxL Group is a leading HR services company in Italy, including AxL – Agenzia per il Lavoro, AxL Formazione, Job Centre, and Unilinéa. With a strong presence across Italy, AxL Group provides comprehensive HR solutions and has been recognized for its significant contributions to the HR industry.

About Groupe Adéquat

Groupe Adéquat is a prominent HR services provider operating across Europe and North America, offering a wide range of recruitment solutions tailored to the specific needs of businesses and jobseekers. With a commitment to excellence and innovation, Groupe Adéquat continues to expand its reach and enhance its service offerings.

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About Goldenhill International M&A Advisors

We are international M&A advisors, who have successfully been completing engagements for over 30 years. With 3 offices in the UK, Europe and The Americas, our sole focus is executing mergers and acquisitions, advising our clients whose businesses are operating in the FinTech, HRTech, Workforce Solutions, ESG and Responsible Investment sectors.