European private equity firm IK Investment announced that it has acquired a majority stake in Dutch temporary staffing firm and social security contractor Acture Group from the company’s founders.

Financial terms were not disclosed.

Acture Group is a collective of businesses providing specialised outsourced services to Dutch corporates and temporary staffing agencies to manage cases of illness or disability in their workforces. The company was founded in 2008 with the purpose of reducing absenteeism and employer costs amidst the complex and evolving Dutch social security system.

IK will acquire its stake in the business from the founders, with co-founder Maudie Derks remaining as CEO and reinvesting alongside the fund.

“As we enter a period of accelerated growth, we are delighted to partner with IK Investment Partners whose combined experience in the healthcare and tech-enabled business services sectors will be an asset to us as we grow to the next stage,” Derks said.