3i announces sale of Weener Plastics generating proceeds of c.£283m and overall return of 2.2x MM

3I

3i Group plc (“3i”) today announces that it has agreed the sale of its investment in Weener Plastics (“WP”), a leading provider of innovative plastic packaging solutions, to Silgan Holdings Inc (“Silgan”). Proceeds to 3i are estimated to be c.£283m, which represents a c.21% uplift on its 31 March 2024 valuation. Including the £45m of proceeds already received, this represents a 2.2x return on invested capital.

WP supplies the world’s leading A-brands and private label players focusing on the design, development and manufacturing of value-added caps and closures, deodorant sticks and roll-ons, and other innovative packaging for the personal care, food and beverage, home care and healthcare industries.

3i invested in WP in 2015 and has supported its international growth strategy through expansion into new product categories such as pharma packaging, and strengthened its position in its existing segments. During this period WP also completed four bolt-on acquisitions, significantly reinforcing its presence in Latin America and Europe, and delivered consistent growth, almost doubling its EBITDA under 3i’s ownership.

WP’s sustainability initiatives have also been recognised with an EcoVadis Platinum rating, placing WP in the top 1% of companies in the manufacture of plastic packaging worldwide.

Adrian Whitfield, CEO of Weener Plastics, said: “Our partnership with 3i has been very successful. We have expanded into new geographies, significantly grown the size of our business and laid the foundation for WP to be the reference player in innovative and sustainable plastic packaging solutions. We are now ready for the next international growth phase. I’m excited to be partnering with Silgan, which will provide new opportunities for growth and innovation, and enable us to take the next step in continuing to deliver exceptional value to our customers, employees and our other stakeholders.”

Pieter de Jong, Partner, Managing Director at 3i, said: “We are proud that WP has developed into one of the leading global suppliers of innovative and sustainable plastic packaging solutions. Under our ownership the company has become a frontrunner in creating sustainable packing solutions for its international clients which is demonstrated by its EcoVadis Platinum status. We are proud to have partnered with the WP management team, whose creative and entrepreneurial spirit drove the success of this business. We wish them a great future under the ownership of Silgan, and thank them for their partnership with 3i.”

The transaction is expected to complete in early Q4 2024 and is subject to customary closing conditions and regulatory approvals.

Barclays plc are acting as lead financial adviser. William Blair International Ltd. are acting as financial adviser and Willkie Farr & Gallagher LLP are acting as legal adviser.

-ENDS-

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For further information, contact:

3i Group plc

Elmley de la Cour
Media enquiries

Silvia Santoro
Shareholder enquiries

 

Tel: +44 20 7975 3023
Email: elmley.delacour@3i.com

Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com

About 3i Group
3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America.

For further information, please visit: www.3i.com.

About Weener Plastics
Weener Plastics is a full-service global supplier of innovative plastic packaging solutions, with a strong focus on the functionalities of dispensing, containing and closing. The company designs, develops and manufactures added-value caps, closures, roll-ons, jars and bottles for the personal care, food, home care and healthcare industries. Headquartered in Ede, The Netherlands, the company employs more than 4,000 people and has 23 facilities in 15 countries worldwide.

For further information, please visit: www.wppg.com

Regulatory information
This transaction involved a recommendation of 3i Investments plc, advised by 3i Germany.

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RECO enters the next phase of growth with Parcom

Parcom

The Reigwein family and investment company Parcom have reached an agreement regarding the acquisition of RECO, a specialist in equipment rental for the professional market. In partnership with Parcom, RECO’s management aims to continue its current growth strategy and company culture. In the coming years, the company will focus on sustainable growth within the equipment rental market, aiming to become the go-to partner for all equipment-related needs of its professional clients. The acquisition will not lead to changes for employees, customers, suppliers, and partners.

RECO is a Dutch family business based in Koudekerk aan den Rijn with 280 employees. RECO has been the specialist in equipment rental for the professional market for over 70 years. RECO offers an extensive portfolio of rental equipment to various sectors, including construction, rail & infrastructure, maritime, and events. RECO’s proposition focuses on unburdening customers by providing technical advice and other complementary services. As a family business, RECO values personal communication and fast decision-making, hereby ensuring reliability for its customers.

RECO has ambitious plans for the future. After 70 successful years under the leadership of the Reigwein family, both the family and the current management believe it is time for the next phase of growth. Parcom paves the way for further expansion of RECO’s current proposition within the Netherlands and the UK, as well as acquisitive growth. This partnership provides the opportunity to further invest in new product groups for the professional market, further geographic expansion within the Netherlands and the UK, and establish a leading position as a provider of sustainable solutions in (temporary) energy supply.

The RECO Lift Solutions business unit in Waddinxveen, which focuses on rental activities of temporary passenger lifts, emergency lifts, and stairlifts, will not be transferred to Parcom. This business unit, with approximately 30 employees, will continue its operations under Robin Reigwein.

Robin Reigwein, RECO: “I have great confidence in Parcom as partner for RECO in its next phase of growth. The input and experience of the Parcom team will be a valuable addition to the management team. Parcom recognizes the strength of RECO’s dynamic and responsive family-oriented culture and aims to preserve the culture in the future. I will remain actively involved in RECO Lift Solutions and look forward to capitalizing on international opportunities with the team, while maintaining close cooperation with RECO.”

Willem-Jan Merckel, Parcom: “We are very pleased to invest in RECO and become a partner of the management team. We are impressed by RECO’s development since its founding under the Reigwein family. The company offers a unique proposition to its professional clients based on unburdening clients of its equipment-related matters. We look forward to supporting the company in its further development.”

Financial details of the transaction will not be disclosed. The transaction is amongst others subject to approval by The Dutch Competition Authority (Autoriteit Consument & Markt).

About RECO

RECO is a dynamic and successful family business and has been a specialist in equipment rental for over 70 years, serving sectors such as construction, rail & infrastructure, and events. RECO combines equipment rental with technical advice and additional services to its clients such as design & calculation, transport and assembly. Through expert advice and an extensive product range, RECO provides a complete solution for any project. RECO operates with approximately 280 employees in the Netherlands and the UK. Although the RECO philosophy has remained unchanged over the years, the company has grown to become the go-to partner for equipment rental in the Dutch market. More information: www.reco.eu.

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Trinseo Announces New Receivables Financing Facility From KKR

KKR

WAYNE, Pa. & NEW YORK–(BUSINESS WIRE)–Trinseo PLC (“Trinseo” or “the Company”)(NYSE: TSE), a specialty material solutions provider, today announced that a special purpose finance entity, Styron Receivables Funding Designated Activity Company, has entered into a $150 million non-recourse financing facility with credit funds and accounts managed by KKR, a leading global investment firm. The facility, which is collateralized by trade receivables originated by Trinseo and its subsidiaries, replaces a prior financing facility of the same size that matures in November 2025.

“We are thrilled to have the support of a leading capital provider like KKR,” said Frank Bozich, President and CEO of Trinseo. “While this facility replaces a previous one of the same size, it has no minimum liquidity covenants and extends the maturity by more than two years, to December 2027. This provides us with additional financial flexibility for the next several years as we continue to transform our portfolio.”

“We are pleased to use our deep experience in global receivables financing to provide Trinseo with capital to support its continued growth and ability to supply critical materials to a variety of essential markets globally,” said Giacomo Picco, a Managing Director at KKR.

About Trinseo

Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart and sustainably focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.

From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including building and construction, consumer goods, medical and mobility.

Trinseo’s approximately 3,100 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company’s locations in North America, Europe and Asia Pacific. Trinseo reported net sales of approximately $3.7 billion in 2023. Discover more by visiting www.trinseo.com and connecting with Trinseo on LinkedInTwitterFacebook and WeChat.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Cautionary Note on Forward-Looking Statements
This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like “expect,” “anticipate,” “believe,” “intend,” “forecast,” “outlook,” “will,” “may,” “might,” “see,” “tend,” “assume,” “potential,” “likely,” “target,” “plan,” “contemplate,” “seek,” “attempt,” “should,” “could,” “would” or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy, our current indebtedness, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to successfully implement proposed restructuring initiatives and to successfully generate cost savings through restructuring and cost reduction initiatives; our ability to successfully execute our business and transformation strategy; increased costs or disruption in the supply of raw materials; deterioration of our credit profile limiting our access to commercial credit; increased energy costs; compliance with laws and regulations impacting our business; any disruptions in production at our chemical manufacturing facilities, including those resulting from accidental spills or discharges; conditions in the global economy and capital markets; our current and future levels of indebtedness and ability to service our debt; our ability to meet the covenants under our existing indebtedness; our ability to generate cash flows from operations; and those discussed in our Annual Report on Form 10-K, under Part I, Item 1A —”Risk Factors” and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results, performance or achievements may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

Contacts

Media Contacts:

For Trinseo:

Andy Myers
+1 610-240-3221
aemyers@trinseo.com

For KKR:

Julia Kosygina
212-750-8300
media@kkr.com

 

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Ardian enters in exclusive discussions to acquire a majority stake in Robot-Coupe and Magimix

Ardian

Ardian will invest in the two iconic and leading brands alongside the Hameur Group, who is the Group’s historic shareholder

Ardian, a world-leading private equity house, announces that it has entered into exclusive discussions to acquire a majority stake in Robot-Coupe and Magimix, alongside Hameur Group.

Founded in 1961 in the French region of Burgundy, Robot-Coupe is the undisputed global market leader in premium benchtop equipment for professional use. Robot-Coupe has become a must-have in all professional kitchens, leveraging its superior brand image and value proposition. Its products are known for their reliability, durability, adaptability, reparability, easy-to-use features and Made-in-France quality.

The company is present in over 130 countries and serves more than 7,000 distributors and importers across the world, with leading market shares in its core geographies (namely the US, France, Australia and the UK). Robot-Coupe’s expansion is supported by a unique sales & marketing strategy, which benefits from a large and proactive on-the-ground sales team.

Over the past 60 years, Robot-Coupe has developed an attractive and innovative product portfolio covering most food preparation, from chopping and mixing to whisking and emulsifying. Its main product groups are food processors, vegetable preparators, juicers, and blenders, with each model designed in a wide range of sizes and functions for greater capacity and versatility.

Magimix was created in 1971 by leveraging Robot-Coupe’s expertise and focuses on premium small kitchen appliances for domestic use. This iconic brand is an industry leader in food preparation equipment such as food processors, blenders, juicers and coffee machines (via a strategic partnership with Nespresso initiated in 1997). The company primarily operates in France, the UK and the Netherlands, and serves a diversified customer base of specialized retailers, department stores and independent retailers, supported by a strong online presence.
Through this partnership, Ardian and the Hameur Group will support the Robot-Coupe and Magimix’s management teams plan to consolidate their market leadership position through accelerated organic growth and internationalization. This growth is expected to be delivered by the continued success of their existing products, a pipeline of new innovative solutions and potentially seizing external growth opportunities. Ardian is well placed to support the group’s ambitious strategic plan given its track record, expertise and international network in the Food Value Chain sector.

The completion of the transaction is subject to the legal usual conditions and the approval of the relevant regulatory authorities.

“Given our common DNA, based on French roots combined with international reach, we are convinced that Ardian is the right partner to begin a new chapter for the Group. We would like to welcome the Ardian team, who share our values, our vision and our ambition to accelerate the development of the company. Together, we will focus on enhancing Robot-Coupe and Magimix’s leadership position by combining our resources, know-how and strategic vision. We are delighted with this partnership, which marks a new momentum for our group.” Gilbert Verdun, CEO of Robot-Coupe and Magimix

“We are very pleased by this ambitious partnership with the Hameur Group, based on shared values and mutual trust. This partnership allows us to invest in a unique Group combining two iconic brands in a sector we know well and in which we have a strong network. This transaction is another example of how Ardian is the partner of choice in accompanying a family-owned group in its next development phase.” Thibault Basquin, Co-Head of Buyout and Member of the Executive Committee, Ardian

“With their renowned expertise and their long-term vision, the Hameur Group representatives, Gilbert Verdun and his teams have created global market leaders, offering innovative and unrivalled products targeting the attractive Food-Service industry. We are glad to partner with them in this new chapter and to accompany them in their accelerated growth and diversification strategy.” Emmanuel Miquel, Co-Head of Buyout France & Managing Director, Ardian

Over the course of our interactions, we have been very impressed by the quality of Robot-Coupe and Magimix’s management and their passion to create the best and most efficient food preparation products. We look forward to supporting them in the next development phase.” Alexis Manet, Managing Director Buyout, Ardian

LIST OF PARTICIPANTS

  • ARDIAN

    • ARDIAN: THIBAULT BASQUIN, EMMANUEL MIQUEL, ALEXIS MANET, NICOLAS KASSAB, ANOUK DAOUDAL, MARTIN BLANC
    • ARDIAN FINANCING TEAM: GREGORY BUSCAYRET, ARIS TORANIAN
    • BUYER M&A ADVISORS: AMALA PARTNERS (JEAN-BAPTISTE MARCHAND, VINCENT VILLE, CHLOÉ SPIGOLON), J.P. MORGAN (KYRIL COURBOIN, ROGIER POP, MOUNIR CHAHINE), SYCOMORE CORPORATE FINANCE (FRANÇOIS VIGNE), PC ASSOCIÉS (ANDRÉ FRANÇOIS-PONCET)
    • BUYER LEGAL ADVISOR: LATHAM & WATKINS (GAETAN GIANASSO, MICHAEL COLLE, AYMERIC DERRIEN-AKAGAWA (CORPORATE), XAVIER FARDE, CARLA-SOPHIE IMPERADEIRO (FINANCING), XAVIER RENARD, CAMILLE PONS (STRUCTURING))
    • BUYER STRATEGIC DD: BAIN & COMPANY (DAPHNÉ VATTIER, ANDREA GONDEKOVA, PAUL QUIPOURT)
    • BUYER FINANCIAL DD: ALVAREZ & MARSAL (FRÉDÉRIC STEINER, BAPTISTE RIDEAU)
    • BUYER OPS DD: ALVAREZ & MARSAL (RENALD BEJAOUI, MEHDI TAHRI)
    • BUYER LEGAL & SOCIAL DD: LATHAM & WATKINS (GAETAN GIANASSO, MICHAEL COLLE, AYMERIC DERIEN-AKAGAWA)
    • BUYER TAX DD: DELOITTE (OLIVIER VENZAL, JEAN-CHRISTOPHE TEORE-BORASCHI)
    • BUYER ENVIRONMENT & ESG DD: DELOITTE (LAURIANE MAROUZE, CHARLOTTE BANCILHON)
    • BUYER DIGITAL DD: SINGULIER X INDEFI (RÉMI PESSEGUIER, DAVID TOLEDANO)
    • BUYER INSURANCE DD: MARSH (JEAN-MARIE DARGAIGNARATZ, CLARA NOT)
  • ROBOT-COUPE & MAGIMIX

    • MANAGEMENT: GILBERT VERDUN, MARC DE SAINTE-CROIX, MAXIME DE JENLIS, PATRICK MARIANI, JEAN-MARIE LOZANO
    • VENDOR M&A ADVISORS: BNP PARIBAS (MARC WALBAUM, SÉBASTIEN REBEIX), SOCIÉTÉ GÉNÉRALE (CYRIL PAOLANTONI, MARCO BESSONE)
    • VENDOR LEGAL ADVISORS: WHITE & CASE (THIERRY BOSLY, THOMAS GLAUDEN, LAURE BAUDURET)
    • VENDOR STRATEGIC DD: ROLAND BERGER (STÉPHANE TUBIANA, LOUIS CHUPIN)
    • VENDOR FINANCIAL DD: EY (GILLES MARCHADIER, ELSA ABOU MRAD, FRANÇOIS ESTIN)
    • VENDOR LEGAL & SOCIAL DD: EY (FRÉDÉRIC RELIQUET, ANNE-ELISABETH COMBES), DE GAULLE FLEURANCE & ASSOCIÉS (HENRI-NICOLAS FLEURANCE, JEAN-CHRISTOPHE AMY), STEVENS & BOLTON
    • VENDOR TAX DD: EY (CÉDRIC DEVOUGES), RSM (LEONID KHRISTOFOROV)
    • VENDOR ENVIRONMENT DD: AECOM (BENOIT SOUFFRE)

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $166bn of assets on behalf of more than 1,650 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ABOUT ROBOT-COUPE

Founded in 1961 in Burgundy, Robot-Coupe is the undisputed global market leader of premium benchtop equipment for professional kitchens. Its early success relied on innovation solutions, directly addressing the chefs’ needs for a robust, efficient, reliable, safe and easy-to-use product. Robot-Coupe has quickly expended globally leveraging its strong brand image associated with Made-in-France excellence in gastronomy, becoming the common name for professional food processors, while diversifying into other benchtop product categories (e.g. juicers, immersion blenders, etc.). The company is present in more than 130 countries where it serves more than 7,000 distributors and importers, with leading market shares in its core geographies (namely the US, France, Australia and the UK). Robot-Coupe is operating through a global footprint with three manufacturing and assembly sites located in France, the US, and Sweden.

ABOUT MAGIMIX

Created in 1971 leveraging Robot-Coupe’s expertise, Magimix focuses on premium small kitchen appliances for domestic use, with a clear leadership in food preparation equipment and coffee machines. Magimix offers a wide range of products consisting of food processors (notably its flagship product, the Cook Expert), blenders, juicers, co-branded coffee machines through a strategic long-term partnership with Nespresso, and other products (e.g. ice-cream machines, toasters, steamers). Primarily operating in France, the UK and the Netherlands, the company serves a diversified customer base of specialized retailers while benefitting from strong online presence.

MEDIA CONTACTS

ARDIAN

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IK Partners to invest in Kran og Industri Service

IK Partners

IK Partners (“IK”) is pleased to announce that the IK Small Cap III (“IK SC III”) Fund has signed an agreement to invest in Kran og Industri Service (“KIS” or “the Company”), a leading Norwegian provider of inspection and services for cranes and lifting equipment. IK is partnering with the Company’s management and employees; most of whom will be reinvesting as part of the transaction. Financial terms of the transaction are not disclosed.

Founded in Norway in 1987, KIS is a leading market participant in the crane inspection and service industry. The Company is equipment-agnostic and employs over 420 employees who serve approximately 4,600 clients. These clients are primarily in the Industrials sector and consider cranes mission-critical to their operations. KIS’ model is based on a full-service offering, covering both testing, inspection and certification as well as service and maintenance. The Company has a long history of providing safe and high-quality services for its customers and has established itself as the clear market leader in Norway.

KIS benefits from a strong platform in a comparatively under-professionalised sector, with solid systems infrastructure and a structured go-to-market strategy which targets the most attractive customer verticals. The Company has also already started its international expansion journey with add-on acquisitions in the Netherlands, laying the groundwork for further geographic diversification.

With the support of IK’s investment and sector expertise, KIS aims to continue its organic growth trajectory by winning new customers in its target markets and improving operational efficiency. Additionally, KIS plans to pursue inorganic growth in both existing and new markets to create a pan-European inspection and service player.

Svein-Frode Børsting, Chairman and Group CEO of KIS, said: “We are looking forward to working closely with the IK team to ensure that KIS solidifies its position as a leading inspection and service player in both Norway and the Netherlands. We are confident that, with their experience of building pan-European champions, we can further expand our position internationally and improve the product offering for our existing customer base to continue our already strong growth trajectory.”

Henrik Geijer, Partner at IK and Advisor to the IK SC III Fund, said: “We have been very impressed with the work already done by the KIS management team to build the market leader in the Norwegian market. With the support of IK’s investment and experience, the Company will be able to target new European markets and ensure that it continues to attract high-quality clients on a recurring basis. We look forward to working closely with Svein-Frode and his team to deliver continued success.”

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

About Kran og Industri Service

Kran og Industri Service (“KIS”, the “Company”) is a Norwegian provider of inspection and services for cranes and lifting equipment. The company is equipment agnostic with a customer base primarily comprising of industrial clients, for whom the cranes are mission-critical to its operations. KIS’ model is based on a full-service offering, covering both testing, inspection and certification as well as service and maintenance. For more information, visit kis.no

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About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €16.5 billion of capital and invested in over 180 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit ikpartners.com

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IK Partners enters into a partnership with BOMA

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IK Partners

IK Partners (“IK”) is pleased to announce that the IK X Fund has signed an agreement to invest in BOMA (“the Company”), a leading distributor of cleaning and hygiene products and machines to business-to-business (“B2B”) markets in the Benelux and France. IK will partner with BOMA’s management team, who will retain a significant stake in the business. Financial terms of the transaction are not disclosed which is subject to customary approvals.

Founded in Belgium in 1974, BOMA is a market-leading developer and distributor of sustainable cleaning products, machines and hygiene solutions for the professional market. The Company has an extensive product portfolio which ranges from hygiene paper, disposable materials, detergents and disinfectants to cleaning equipment, including scrubber-dryers and robotics.

BOMA supplies numerous reputable professional cleaning companies, blue-chip corporations within Leisure and Industry and institutions from the Governmental, Healthcare and Education sectors. The Company offers a range of products under its innovative brands BOMA and Greenspeed, as well as value-added services, including digital tools and impeccable support, maintenance and logistics services.

Since inception, BOMA has maintained year-on-year growth momentum, consistently outperforming the market. Under the leadership of Luc Bresseleers and Stijn Wildiers, the Company has also expanded geographically and driven consolidation in the market. In partnership with IK, BOMA will look to broaden its product offering to continue attracting high-quality customers, while also exploring strategic add-on opportunities to further solidify its position across Europe.

Luc Bresseleers, Co-Owner and Chief Executive Officer of BOMA, said: “We are looking forward to working closely with the team at IK to ensure that BOMA cements its position as a market leader in the professional cleaning sector, on a European scale. We are confident that, together, we can deliver continued growth and strategic expansion for the benefit of our customers and stakeholders.”

Stijn Wildiers, Co-Owner and Chief Human Resources Officer of BOMA, said: “We would like to place, on record, our thanks to all our employees, existing shareholders and customers for their loyal support, for 50 years already! We are excited to be partnering with IK and look forward to accelerating the next phase our strategy.”

Jo Breesch, Managing Director at Think2Act, said: “We are proud of the consistent growth that the Company has shown over the last 50 years, including the last five years together with us. We want to thank management for the excellent cooperation.”

Frederik Jacobs, Partner at IK and Advisor to the IK X Fund, said: “Under the stewardship of Luc, Stijn and their team, BOMA has established itself as a leading developer and distributor of cleaning products and equipment in specific areas in Europe. We have been extremely impressed with the Company’s journey to date and look forward to utilising our experience to pursue internationalisation and unlock further value through operational initiatives.”

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

About BOMA

BOMA is a leading specialised B2B distributor of cleaning and hygiene products and machines founded in 1974. The Company is headquartered in Antwerp, Belgium, with a local presence in the Benelux and France. BOMA boasts a broad offering of cleaning solutions sold under its own “BOMA” and “Greenspeed” brands, as well as third-party brands. For more information, visit boma.be

About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €16.5 billion of capital and invested in over 180 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit ikpartners.com

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Anders Invest acquires KTK Groep from Almelo

Anders Invest

Anders Invest has acquired KTK Groep from Almelo. KTK Groep is the Dutch market leader in custom containers and press installations. The company achieves an annual turnover of €25 to €30 million and employs over 50 people.

KTK Groep is known for its high-quality products and innovative custom solutions. For example, the company is the creator of the lightweight Greenline container, featuring a limited number of frames, folded walls, and the use of lighter steel types. This year, the company is launching a revolutionary concept called Vollov: a lighter and more sustainable variant of the conventional underground collection container, equipped with a steel cylinder or a waterproof bag made of technical textile.

The company’s headquarters are located in Almelo, where the assembly and coating of the containers also take place. At its recently acquired new location in Hattemerbroek, the company performs service and maintenance work and operates an extensive field service team of technicians who work nationwide. KTK has its own engineering and business office and outsources the production of basic containers. Additionally, the company is an importer of Husmann and Kiggen press installations. Its customers include waste processing companies, municipalities, and a wide range of industrial clients.

The shares in KTK Groep were acquired from Vincent Janssen, Tonnie Touwen, and Stephan van Uitert. They will continue to lead the company and, together with Anders Invest, will further shape the growth of the business.

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Ratos Company Semcon’s climate target approved by the Science Based Target initiative

Ratos

Semcon’s climate target has now been validated and approved by the Science Based Targets initiative (SBTi).

“We are proud that Semcon has now had its climate goal approved by SBTi. It shows that Semcon’s own climate work is scientifically based, and it is another important piece of the puzzle in Ratos’s group-wide sustainability work. It is a result of purposeful work at Semcon and a conviction that everyone needs to contribute to the journey towards net-zero” says Josefine Uppling, Vice President Communication & Sustainability, Ratos.

Semcon’s near-term science-based target, which has now been approved by the SBTi, is the following:
Semcon commits to reduce absolute scope 1, 2, and 3 GHG emissions 50% by 2030 from a 2019 base year. (The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks.)

“Semcon has a strong combination of engineering, digital and sustainability expertise, and we support our customers in the development of green technologies, the transition to net-zero and circular value chains, and much more. While our largest possibility to contribute to the shift to a net-zero society is through our customer projects, we ourselves must do what is required of all companies and organisations right now. The approval of our climate target by the SBTi validates that our commitment is in line with the 1.5°C ambition,” says Markus Granlund, CEO of Semcon.

In June 2021, Semcon committed to setting climate targets in line with the 1.5 °C ambition with the SBTi. Due to Ratos’s acquisition of Semcon in 2022, Semcon’s proposal for near-term target was then submitted in December 2022. The target was resubmitted in November 2023 as the Group structure changed following the divestment of Semcon’s Product Information business area (today independent company Aleido).

Since 2021, Semcon’s overall commitment is to halve emissions by 2030 and be net-zero by 2040, with 2019 as the base year. It’s largest sources of emissions are linked to employee commuting, business travel and purchased goods and services.

About Semcon
Semcon is an international technology partner for companies and organisations in transformation. The company combines engineering expertise, digital services and sustainability know-how in a unique offering for product, production and service development. Always based on human needs and behaviour. Their experts and cross-functional teams make their customers more competitive and improve the user experience and sustainability of their solutions. Because a sustainable future requires innovative thinking and new perspectives. Semcon has approximately 1,400 employees in more than 20 offices in Sweden, Norway and Brazil. Read more at www.semcon.com.

About the Science Based Target initiative
The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets. To read more, visit www.sciencebasedtargets.org.

For more information, please contact:
Josefine Uppling, VP Communication & Sustainability, Ratos, +46 76114 54 21
Markus Granlund, President and CEO, Semcon, +46 31 721 03 06


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Gimv announces strategic investment in Curana, leading bicycle components manufacturer

GIMV

Topic: Investment

Gimv is pleased to announce its strategic investment in Curana, a leading developer and manufacturer of high-end bicycle components, specialising in fenders, chain guards and dress guards. Based in Ardooie, Belgium, Curana is renowned for its design and innovation capabilities, providing custom-built solutions for top-tier bicycle manufacturers.

Gimv’s investment in Curana underscores its commitment to the sector of sustainable mobility and lifestyle consumer products and its confidence in Curana’s potential for continued success.

In partnership with Gimv, Curana intends to professionalise its organisation and accelerate its international growth strategy, building upon its reputation as the go-to partner for top-tier bicycle manufacturers. This investment comes at a pivotal moment for Curana, following the untimely passing of its owner, Dirk Vens, during the investment process. Gimv is committed to honouring Dirk’s legacy by continuing to build on the robust foundation he established. Gimv is investing alongside Jean-Charles Malherbe, the newly appointed buy-in CEO, and management to drive this next phase of growth for Curana.

Jean-Charles Malherbe, CEO Curana, states: “Curana has always been at the forefront of design and innovation in the bicycle components industry. Our small but dedicated team is passionate about delivering tailor-made solutions that meet the unique needs of our customers. I am honoured to lead Curana into its next chapter, building on Dirk Vens’ remarkable legacy. Together with Gimv, we will continue to push the boundaries of innovation and maintain the high standards of quality and customer satisfaction for which Curana is known.”

David De Peuter, Partner Gimv Consumer, adds: “Curana is a perfect fit for Gimv’s consumer investment strategy, particularly given its strong presence in the bicycle and e-bike sectors. We are confident in the mid- and long-term prospects for the bicycle industry driven by robust and favourable fundamental trends. We see tremendous potential in Curana’s innovative approach and high-quality products. Our goal is to guide Curana in its next growth phase, ensuring that the company continues to deliver exceptional value to its customers and partners.

Financial details of the transaction will not be disclosed.

 

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Ratos company LEDiL to acquire Ingemann Components

Ratos

LEDiL, the global market leader in secondary optics for LED lighting, is joining forces with the northern European leader in optical diffusive and reflective components: Ingemann Components (“Ingemann”). LEDiL has signed an agreement to acquire all the shares of Ingemann, creating a combined company that will serve as a one-stop shop for indoor lighting manufacturers.

Ingemann specialises in optimising light output, luminaire efficiency, light distribution, and glare control by providing customised best-in-class products and services. Through long-standing, close customer relationships and high-quality offerings, Ingemann achieved a revenue CAGR of approximately 20% for 2018-2023 (with its present offering), thereby securing a market-leading position in the Nordic office lighting industry. The company’s recent growth has been further fuelled by its geographic expansion in Europe and the US. As a result of the complementary offerings of LEDiL and Ingemann, LEDiL will accelerate Ingemann’s geographic expansion through its global sales and distribution network. Ingemann also creates a platform for further growth in large-scale optics.

“Add-on acquisitions are a core part of Ratos’s strategy, and since 2021, we have completed 19 add-on acquisitions. With complementary offerings and LEDiL’s global customer relationships coupled with proven operational excellence, this acquisition has all the prerequisites to drive profitable growth. LEDiL’s acquisition of Ingemann will create synergies and benefit the customers,” says Jonas Wiström, Chairman of the Board of LEDiL and President & CEO of Ratos.

“At LEDiL, we appreciate Ingemann’s outstanding customer service model, and we will invest in expanding this new complementary offering through our sales networks. Through our combined efforts, we can reach even more customers globally and provide a unique one-stop shop for indoor lighting manufacturers,” says Kimmo Rauhala, CEO of LEDiL.

About Ledil
LEDiL is a Finland-based, global leader in secondary optics for LED lighting. The company designs, develops and sells secondary optics for LED lighting globally. Secondary optics process light from the LED to achieve the luminaires’ optimal function, with the highest energy efficiency possible. Development and design are carried out in Salo, Finland. Products are sold worldwide through the company’s own sales force, agents, and distributors, and LEDiL exhibits industry-leading margins. The company’s products are primarily used in commercial applications such as street lighting, retail, and offices. The number of employees is approximately 110.

About Ingemann Components
Ingemann is a Denmark-based, northern European leader in light output, luminaire efficiency, light distribution, and glare control for large-scale optics. The company’s products are primarily used in retail and offices. The company generates approximately EUR 12m in revenue, with development, design and production carried out in Bjæverskov, Denmark. The company was founded in 2002.

For more information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21
Kimmo Rauhala, CEO, LEDiL, +35 8 50 558 37 68

About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 17 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 34 billion in net sales (LTM). We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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