Tag Archives: Industrie

IK Partners to sell 2Connect to Rivean Capital

IK Partners

IK Partners (“IK”) is pleased to announce that the IK Small Cap II Fund (“IK SC II”) has reached an agreement to sell 2Connect (“the Company”) to Rivean Capital alongside management who will be reinvesting. Financial terms of the transaction are not disclosed.

2Connect designs, develops and produces innovative and customised interconnection solutions for original equipment manufacturers (“OEMs”) and original design manufacturers (“ODMs”) globally.

Founded in 2000, the Company prides itself on setting new standards for interconnection solutions by designing high-quality and cost-effective units in partnership with its long-term client base. 2Connect employs over 450 people across its headquarters in Waalwijk, the Netherlands and three manufacturing sites in Romania and Germany. Their market reach spans over 40 countries.

IK invested in 2Connect in November 2018 and since then, the Company has more than doubled its revenues, completed two add-on acquisitions in both Germany and the Netherlands, expanded internationally and showed strong capability to scale its operations.

Mark van den Heuvel, CEO of 2Connect, commented: “We are delighted to have enjoyed a successful partnership with IK, which has seen 2Connect grow beyond all expectations and deliver on its strategic goals as a business and for our customers. Having expanded our footprint internationally we are delighted to welcome Rivean Capital on board for the next stage of the journey.”

Sander van Vreumingen, Partner at IK and Advisor to the IK SC II Fund, added: “It has been a pleasure working with the team at 2Connect for the past three years. The business is uniquely placed to capitalise on continued positive megatrends driving growth of automation and digitisation, increasing demand for sensors and advanced connectors. We are proud of everything we have achieved together and wish them well as they continue with a new partner.”

Tom Muizers, Senior Partner at Rivean Capital, said: “We are truly impressed with 2Connect’s track record of consistent growth, its entrepreneurial management team as well as its ability to maintain high standards for demanding customers while scaling up the business operationally. We are excited to join Mark and the team to build on this momentum and support them in the Company’s next phase of development and growth.”

For further questions, please contact:
IK Partners
Vidya Verlkumar
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

Categories: News

Tags:

Gimv invests in Variass, a specialized developer and producer of electronic and mechatronic products and systems

GIMV

Topic: Investment

Gimv acquires a majority stake in Variass, a leading partner of international OEM customers for the development and production of electronics and complete systems. With this transaction, Gimv strengthens its position in the growing market for electronic products, in which it is active since 2020 with Applied Micro Electronics (“AME”).

Variass (Veendam – NL, www.variass.nl) was founded in 1989 and has developed into a leading supplier of technology intensive electronic solutions under the management of Henk Smid. The company focuses on the “high-mix, low-volume, high-complexity” segment and supports customers in product development, industrialization, (serial) production, logistics and lifecycle management. The added value of Variass lies in the specific technological expertise, extensive production- and compliance capabilities and the high degree of reliability, quality and flexibility. As a result, the company has become a strong partner for some forty OEM customers in the medical and industrial segments and defense & security. The company has approximately 140 employees and realised a turnover of c. EUR 45 million.

Due to the increasing electrification of society, the demand for electronic modules and products will continue to grow. With its expertise to combine and integrate development and production, Variass, like AME, is uniquely positioned to find solutions to the complex challenges of its customers. With the support of Gimv, and a mutual strategic-operational collaboration with AME, Variass aims to achieve a substantial acceleration in growth and further increase the added value for its customers. The complementarity of the two companies in terms of technology and production capacities is an important component in this.

Henk Smid, founder and CEO of Variass, states: “Gimv is for us the right partner for a successful future as they underwrite our strategy and business operations. It is a wonderful opportunity to strengthen our position by starting a partnership with AME whilst guaranteeing the continuity of Variass. We have strong complementarities in the field of Development & Operational Excellence, which will benefit the customers of AME and Variass. We work with the same production platform, enabling us to offer our customer even better continuity in a strongly changing market by producing from multiple locations.”

Boris Wirtz, Partner Gimv Smart Industries, indicates: “We are very impressed with the strong development that Variass has gone through and the long-term partnerships that the company has built with its customers. With Henk’s leadership and his focus on continuous improvement, a mature organization has emerged with a strong focus on financial and operational efficiency through the application of smart automation. We are pleased to have been able to further strengthen our position in the electronics market with Variass and look forward to further strengthen the position of Variass and AME and the added value for customers through targeted collaboration.”

Tom Van de Voorde, Managing Partner Gimv and Head Smart Industries, adds: “With Variass and AME, Gimv is well-positioned to benefit from the further electrification of our society in the coming years and to support high-tech industrial customers with their products. The ambition of both companies and the crucial contribution they make to the world of tomorrow are in line with the strategy of the Smart Industries platform. We very much look forward to realise our growth ambitions together with the team.”

This new investment will be part of Gimv’s Smart Industries platform, aimed at companies that provide B2B products and services, based on value creation through innovation and intelligent technology.

The transaction is subject to customary closing conditions, including approval from the competition authorities. No further financial details will be disclosed.

 

Read the full document

English – French – Dutch
 

Gimv

Karel Oomsstraat 37, 2018 Antwerpen, Belgium

www.gimv.com

Categories: News

Tags:

Altor to acquire Nordic Climate Group – becomes majority owner

Altor

Altor Fund V (“Altor”) has signed an agreement with Capillar Equity to acquire a majority stake in Nordic Climate Group (”NCG”). Completion is subject to approval of the competition authorities.

The entrepreneurs and management of NCG will continue to own a meaningful share of the company.

NCG is a services, installations and solutions company within the cooling and heating industry. NCG is the market leader in the Nordics with its full national coverage in Sweden and Norway with 50 legal operating entities. Pro forma revenues as per 30 April 2022 is estimated to be 2.2 bn SEK and NCG employs roughly 800 people. NCG is built on the principle of decentralized decision making with a focus on strong local entrepreneurship with the collective strength of being a leading national player and being able to offer one stop shop solutions.

NCG’s offering range from complex industrial solutions for refrigeration, freezing systems for large industrial companies, cooling solutions for the food and grocery industry, refrigerated sea water systems but also heating solutions (mainly heat pump installations) as well as comfort cooling and heating to create adequate and sustainable indoor climate.

NCG is active across a wide range of industries with strong underlying market growth, which is underpinned by numerous trends, mainly driven by the focus on sustainable and energy efficient solutions. This is partly driven by regulations, strong focus on replacing existing solutions having negative effects on the climate, increased demand for reliable and safe food logistics and handling solutions, increased demand for adequate and improved sustainable indoor climate, grocery industry going online and becoming more automated and growth in data centres.

“Together with Capillar Equity we have been on a mission to help our customers create the best sustainable and energy efficient climate solutions. Our strategic partnership with Altor will facilitate an acceleration of our ambitions and also make possible a further expansion and growth into new geographical areas” says NCG’s acting CEO Mats Åström.

“The investment builds on Altor’s DNA of partnering with great entrepreneurs, as well as our focus of investing in companies driving a green transition. We are impressed of Capillar Equity’s and the entrepreneurs’ creation of NCG and the group has already become the leading Nordic company in the sector and we believe that NCG’s growth journey has only just begun. We are also very excited to have Per Sjöstrand and Torbjörn Torell joining the board. We look forward to partnering with this leading and highly professional group of people to help them deliver on our joint ambition.” says Petter Samlin, Partner at Altor.

”We are very proud of having created NCG together with such competent and engaged entrepreneurs and management, and the relevance of being able to offer sustainable and smart energy efficient solutions has never been greater. With Altor onboard, I am fully convinced that we have selected a successor dedicated and well positioned to take NCG to the next level and to increase the already ambitious set targets for NCG”, says Johan Nylén, Partner at Capillar Equity.

For more information, please contact:
Tor Krusell, Head of Communications at Altor, tor.krusell@altor.com, +46 705 43 87 47

About Altor
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 5 billion in more than 85 companies. The investments have been made in medium sized predominantly Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Eleda, Ludvig, OX2, Dustin and Gunnebo. For more information visit www.altor.com.

About Capillar Equity
Capillar Equity invests in small cap companies active in predominantly business services with the ambition to create Nordic champions through accelerated horizontal industry consolidation. The firm has a developed an accelerated buy and build investment strategy, accessing private small cap companies throughout the Nordics, primarily in Sweden, Norway and Finland. Among current and past investments are Layer Group (previously Nordic Surface Group), Spolargruppen, Nordic Climate Group, C-medical and Nordic IT Services. For more information visit www.capillar.se.

Author: Katarina Karlsson
Date: 2022.05.16
Categories: News

Categories: News

Tags:

Active Capital Company invests in German machine building company LIEB

ActiveCapital

The new phase for the family business enables succession and continues growth in the semiconductor industry

Active Capital Company (ACC) acquired the shares of Werner Lieb GmbH & Co KG (LIEB). LIEB is a German machine building company and a specialist in developing and manufacturing automation solutions with a focus on the semiconductor industry. With this next platform investment, ACC is expanding its portfolio in Germany whilst leveraging on its hands-on investment approach and strong track record in investing in machine building companies.

Expand and internationalise offering for the semiconductor industry

Hartwig Ostermeyer, partner at ACC: “We believe that LIEB has an excellent position to grow with the increasing demand for chip production capacity, especially in Europe. LIEB is standing for more than 60 years of highest German machine building expertise and has built an excellent reputation and customer base in the semiconductor industry in recent years”. ACC sees huge potential in further innovation and internationalisation. “LIEB has an impressive innovation pipeline, and we will invest in commercialisation and offering these solutions to an international customer base.”

Secure company succession of family-owned SME

Steffen Lieb, previous co-shareholder of Lieb: ”We started this process to sort out a succession plan and have found not only a trustworthy new shareholder but a true partner, who will actively support LIEB in realising its strategic ambitions.” His brother and previous co-shareholder Michael Lieb added: “We have been impressed by the technical expertise, the entrepreneurship and active approach and we are convinced that ACC is the right partner for our family-heritage.”

About LIEB

LIEB, based in Rödental, Germany, was founded in 1955 by Werner Lieb, the grandfather of the current managing partners Steffen and Michael Lieb. After the sudden death of the company founder in 1982, the company was continued by his son, Dieter Lieb, until 2006. At the beginning of 2007, he transferred the management of the company to his two sons. Core competence is to engineer and produce specialised automation machinery increasing efficiency and quality in high precision production processes. In recent years the company has specialised in automation solutions for the semiconductor industry and these machines are used by leading chip manufacturers worldwide. www.werner-lieb.de

About Active Capital Company

ACC is an independent hands-on private equity investor focused on small and medium sized enterprises in the Netherlands and Germany. ACC invests in companies active in the sectors Industry, Technical Wholesale and Business Services with revenues between € 10m and € 100m. Through a highly entrepreneurial and active approach, ACC maximises the long-term value of its investments by supporting management in the execution of value enhancing projects and providing access to its extensive partner network. ACC currently invests from its fourth fund and started its German operations in 2019 with the investment in and successful transformation of SchahlLED. ACC has offices in Amsterdam and Munich. www.activecapitalcompany.com

Categories: News

Tags:

Ferd acquires 33 percent of the diagnostics company Aidian

Nordstjernan

The Finnish company Aidian develops, manufactures and sells instruments and tests that are used in such fields as primary care to provide quick and accurate test results. Aidian’s range of tests addresses several global health problems, such as antimicrobial resistance (AMR), diabetes and colorectal cancer. Aidian has tests that are intended to reduce unnecessary prescriptions of antibiotics, which is a driver behind the growing threat from AMR and antibiotic-resistant bacteria.
“Finnish company Aidian has built up a leading, global position in point-of-care diagnostics. The company’s instruments and tests are a key part of meeting global health-related challenges. Together with the majority shareholder Nordstjernan we want to develop the company further, with the aim of continuing to build up a leading player in point-of-care diagnostics”, says Morten Borge, CEO of Ferd.
Earlier this year, the Swedish family-controlled investment company Nordstjernan announced that it had acquired 100 percent of the shares in Aidian. Ferd is now purchasing 33 percent of the shares, thus becoming a part-owner of Aidian.
“We are very pleased to have Ferd as a partner in Aidian’s further development and growth journey. Nordstjernan and Ferd share many similarities in that we are family-controlled companies that both apply a long-term approach to our investments. We both also see great potential in the healthcare sector”, says Peter Hofvenstam, CEO of Nordstjernan.
The parties have agreed not to disclose the conditions of the transaction.

Peter Hofvenstam
President and CEO
Nordstjernan AB
Questions will be answered by:
Stefan Stern, Head of Communications, Nordstjernan
Telephone: +46 70 636 74 17
E-mail: stefan.stern@nordstjernan.se
 
Nordstjernan is a family-controlled investment company whose business concept is to be an active owner that creates long-term value growth. More information about Nordstjernan can be found on www.nordstjernan.se.

Categories: News

Tags:

Francks Kylindustri acquires Kylfokus

Segula

Francks strengthens its position within industrial service in the Western part of Sweden through the acquisition of Kylfokus, based in Mölndal, Gothenburg. Kylfokus installs refrigeration systems and heat pumps as well as offers industrial service of chillers. The current owners will continue to develop the company in collaboration with Francks.

We are very pleased that Kylfokus – with its long experience and impressive track record of profitable growth – has chosen to join Francks. The acquisition of Kylfokus is a strategic cornerstone to establish a strong position within industrial service in the Southwestern part of Sweden. Kylfokus is a well-established business with strong local roots and three owners with a unique experience in the field. We look forward to continue the journey together.” says Mikael Syrén, Regional Manager, Francks Kylindustri.

”We are very pleased to be part of Francks and to be part of a larger group from a technical and market perspective. We are convinced that this will give us the opportunity to offer improved customer service and to be a more attractive partner for bigger national clients. We look forward to exchange experience and expertise to accelerate our growth together”. says the Founders of Kylfokus.

Francks Kylindustri is the leading Nordic provider of industrial and commercial refrigeration solutions with approximately 40 offices in both Sweden and Norway.

For further information, please visit www.francksref.com or contact:

Marcus Planting-Bergloo, Managing Partner, Segulah Advisor AB
+46 70 229 11 85, planting@segulah.se

Mikael Syrén, Regional Manager, Francks Kylindustri Sweden AB
+46 73 543 00 25, mikael.syren@francksref.com

Categories: News

Tags:

IK Partners enters into exclusive negotiations with LGT for the acquisition of Batisanté

London, 26 April 2022 – IK Partners (“IK”) is pleased to announce that the IK IX Fund has entered into exclusive negotiations with LGT Capital Partners (“LGT”) to acquire a majority stake in Batisanté (“the Company” or “the Group”) alongside management who will be reinvesting. Financial terms of the transaction are not disclosed.

Founded in 1987 and based in Neuilly-Plaisance, France, Batisanté is a leading compliance and safety services provider, primarily servicing residential buildings and professional customers.

With approximately 500 technicians, the Company offers four main services: fire protection, pest control, diagnostics, and maintenance works. Batisanté is the leading player in the Paris area and is expanding into other French regions.

The Group has been able to differentiate itself with its full-service offering, a KPI-orientated approach, and solid tech-enabled capabilities. Batisanté has grown considerably over recent years, organically and via M&A. In December 2021, Batisanté completed the transformative acquisition of Bouvier, a sizeable competitor in Paris. The Company benefits from a large base of contracted revenues.

The next phase of the Company’s journey will see IK working alongside management to pursue organic growth in core verticals, cement its leadership position in the Paris area and expand into other regions.

Nicolas Milesi, CEO at Batisanté, said: “Having joined the Company in 2019, I have had the pleasure of leading the Group through a significant period of growth. Our success is due to the vast range of services we provide and our best-in-class operations. We rely on a dedicated team of experts who provide unrivalled support to all our clients. We thank LGT for their support to date and warmly welcome IK as we continue on our journey. I have no doubt that their experience and expertise will help us take the Company even further.”

Rémi Buttiaux, Managing Partner at IK and Advisor to the IK IX Fund, said: “We have been impressed with Batisanté’s journey to date and are very happy to be partnering with Nicolas and the team in the next step of their journey. The Company plays an important role in offering services that are critical for the maintenance of buildings and we have observed their resilience over time. We look forward to supporting the team with their ambitious M&A strategy.”

Etienne Haubold, Partner at LGT, said: “It has been fantastic to work with Nicolas Milesi and the wider team at Batisanté. We are delighted that we have been able to support the Company’s growth over the years; creating the French leader of the residential building protection market. We wish the team every success for the future and strongly believe that with the support of the IK team, Batisanté is very well positioned for its next phase of growth.”

For further questions, please contact:

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

Batisanté
cdellan@batisante.fr

LGT Private Debt
Phone: +33 1 81 80 56 00
guillaume.claire@lgtcp.com

Categories: News

Tags:

Blanchon, a leading European player in protective and decoration coatings and paints for the home improvement market, accelerates its international growth with the acquisition of RIGO in the Netherlands

IK Partners

Lyon, April 20th 2022. Blanchon Group announces the acquisition of Rigo Verffabriek and Rigo Verfcentrum, a Dutch family-owned business (“the Company”, “the Group” or “RIGO”), specialising in the design and manufacturing of finishing products for wood and paints for heritage buildings, dedicated to professional customers.

This acquisition is part of the Blanchon Group strategy to accelerate its international growth and become a European leader in protection, maintenance, renovation and decoration of indoor and outdoor wood surfaces and vinyl flooring. With very strong product brands, including Skylt, Step, Royl, Toplin and Skyn combined with significant sales growth over the last decade, RIGO has become the market leader in the wooden floor segment in the Netherlands. The Company operates from Ijmuiden, Netherlands and this site will be added to the well-established European subsidiaries of Blanchon, to accelerate the group international business growth.

Leveraging on the complementary combination of the Blanchon and RIGO product lines and strong brands awareness, as well as on their respective client portfolios, this acquisition allows Blanchon Group to become the wooden floor market leader in The Netherlands for professionals. Further to the acquisition of Ciranova in June 2021, the Blanchon Group is fully established as the market leader in the Belgium, Netherlands and Luxembourg area, representing the largest region, next to France.

RIGO’s previous owners and top management will remain fully involved in the company and takes over the overall responsibility for the Benelux region, and have invested into the Blanchon group alongside with current shareholders.

Guillaume Clément, President and CEO of the Blanchon Group, said: “We are very pleased to welcome the talented RIGO team to Blanchon Group. The acquisition of RIGO is a perfect match. RIGO has family roots like Blanchon and a deep entrepreneurial spirit forged by three generations since 1938. RIGO’s product quality and brand reputation, combined with its strong expertise in flooring and furniture, are key success factors. Furthermore, RIGO has invested substantially in developing a sustainable product offering, which includes the iconic Toplin product range. We are now in a position to offer the largest wood care product offering, both for indoor and outdoor applications, under three complementary and highly recognised brands: RIGO, Blanchon and Ciranova. All products will be locally available in the Netherlands with the ambition to fully support our Dutch professional customers’ business growth.”

Toon Van Westerhoven, Co-owner of RIGO, said: “We are very pleased to join Blanchon Group as we share the same DNA and values. It is for this reason that myself and my brother, Machiel Van Westerhoven, decided to sell our shares to Blanchon. We have succeeded in building a strong brand in the Netherlands to date and it is now time to build a stronger company. By joining Blanchon Group, we can benefit from the combined knowledge, techniques and assets.”

Michael Van Westerhoven, Co-Owner of RIGO, added: “The acquisition will allow RIGO to expand into new market segments and countries while leveraging the Blanchon Group organisation and indeed, it will further strengthen RIGO’s position in the Benelux region. This is a great journey to embark on and a promising new chapter for our company.”

Contact Details:
Blanchon Group: Alexia Fleury – afleury@blanchon.com,
Rigo Verffabriek: Toon Van Westerhoven – toon@rigoverffabriek.nl

About Blanchon

Founded in 1832, Blanchon is a specialist in protective and decoration coatings for wood and vinyl substrates for indoor and outdoor applications. The group services more than 8000 customers globally with its brand ‘Syntilor’ – dedicated to DIY, ‘Blanchon’ and ‘Ciranova’ and ‘Carver’ – for professionals, and ‘Blanchon Industrie’ and ‘Ciranova Industrial Finishes’ – for flooring manufacturers. The group is recognized for its high quality and sustainable product offerings, and its local technical expertise to support customers. Blanchon group was first to launch in 2020 a complete wood care Bio-based product offering for professional and end-consumers. It operates through 7 subsidies in France, Belgium, Italy, Poland, UK, USA and China and employs approximatively 400 people. For more information, visit www.groupeblanchon.com

Read More

About RIGO Verffabriek

The Rigo Verffabriek Group is specialised in the development and production of finishing products for parquet, furniture and wood for more than 80 years, with a focus on professional segment in the Netherlands. It is a family company, run by the third generation Machiel Van Westerhoven and Toon Van Westerhoven, together with their partners Amanda and Henriette. The Group consists of a production and distribution company in the Netherlands, located in Ijmuiden, NL. It employs ~55 people, all based in the Netherlands. Rigo’s values and culture are characterised by product quality, and innovation, and sustainable growth and strong customer relationships with high service level to craftsmen. ‘Alles voor het meesterwerk’ (‘All for the masterpiece) is the company moto. For more information, visit www.rigoverffabriek.nl

Read More

Categories: News

Tags:

Ampersand Capital Partners Invests in Syft Technologies, Leading SIFT-MS Solutions Provider

Wellesley, MA, 18 April, 2022 – Ampersand Capital Partners, a private equity firm specializing in growth equity investments in the life sciences and healthcare sectors, today announced a minority investment in Syft Technologies Limited, a world leading provider of Mass Spectrometry (SIFT-MS) solutions. Ampersand’s investment will allow Syft to accelerate their progress in the semiconductor market and develop the next scalable opportunity in life sciences.

Canterbury, New Zealand-based Syft develops SIFT-MS, a form of direct mass spectrometry that analyses volatile organic compounds (VOCs) in air with typical detection limits at parts-per-trillion level (by volume; pptv). Realtime, quantitative analysis is achieved by applying precisely controlled soft chemical ionization and eliminating sample preparation, pre-concentration and chromatography. Syft’s SIFT-MS instrumentation is industry-proven, providing non-technical operators with laboratory-grade chemical analysis presented in a format that they can understand and act on.

Alex Fala, CEO of Syft, comments “We are excited to partner with Ampersand and benefit from the firm’s expertise and networks as we continue to build on Syft’s momentum and develop our next scalable opportunity in life sciences.”

David Patteson, Partner at Ampersand, shared “Syft has a remarkable technology and product platform, with notable traction in semiconductor and adjacent segments. Their life science market pull, applications, and commercial expertise, combined with Ampersand’s investments, should allow for meaningful penetration and adoption rates. We are thrilled to partner with their executive team, board, and shareholders to help realize the full potential.”

As part of the investment, Syft will also welcome David Patteson to the Board. David leads Ampersand’s Portfolio Acceleration team, and currently serves as Chairman of US headquartered Alliance Pharma. He has over 30 years of experience in Board and CEO roles, scaling businesses built on mass spectrometry, and other analytical instrumentation technologies.

About Syft Technologies Limited

Syft is a world leading provider of Selected Ion Flow Tube Mass Spectrometry (SIFT-MS) solutions. Revolutionizing the trace analysis world, Syft’s instruments enable the rapid, targeted and comprehensive analysis of compounds in air to a parts-per-trillion level. Syft’s technology is used in industries including semiconductor, energy, life sciences, environmental, consumer products, laboratory and research, security and air quality monitoring. Based in Christchurch, Syft trades on New Zealand’s Unlisted Securities Exchange (USX: SYF). Further information is available at syft.com.

About Ampersand Capital Partners

Founded in 1988, Ampersand is a middle market private equity firm with more than $2 billion of assets under management dedicated to growth-oriented investments in the healthcare sector.  With offices in Boston and Amsterdam, Ampersand leverages its unique blend of private equity and operating experience to build value and drive superior long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm’s core healthcare sectors.  Additional information about Ampersand is available at ampersandcapital.com.

Categories: News

Tags:

CVC Fund VIII to acquire the Neolith Group, the global leader in sintered stone surfaces

The company is pioneer in the creation of sintered stone and a global leader with business in over 100 countries

CVC Capital Partners VIII, a global private equity platform, has agreed to invest in the Neolith Group, the global leader in the sintered stone industry, that has been controlled by Investindustrial and its founders, the Esteve Family, until now.

Neolith, pioneer in the creation of sintered stone and a global leader with business in over 100 countries, leads the ongoing process of transformation in the stone surfaces industry with innovative and sustainable solutions that combine design and functionality for a wide range of applications; from kitchens, bathrooms and designer furniture to building façades and coverings for the most cutting-edge architecture projects.

Neolith’s strong organic growth and profitability in recent years alongside a unique market position were key factors in the acquisition. Jose Luis Ramón, CEO of Neolith Group said: “It is a privilege to welcome CVC into the great Neolith project and its arrival will no doubt represent a new turning point in the group’s history, accelerating our ambitious strategic objectives. Its extensive experience and global presence will be a great help to us in developing our enormous potential”. He went on to add: “We are grateful for the confidence and constant support of Investindustrial and the Esteve Family in making Neolith a unique platform that has enabled us to consistently expand the business with a firm commitment based on innovation, branding, sustainability and a straightforward approach based on open collaboration.”

Javier de Jaime, Managing Partner at CVC, said: “We are thrilled to have materialised this investment in Neolith so we can continue leading this industry together and undertake the next stage of the investment, which will allow the company to continue accelerating its international expansion and multiply its growth behind the unique value proposition and position it enjoys in the market. CVC funds invest in companies with outstanding track records that are leaders in their respective industries. Neolith symbolises what we look for in any investment: a growing global market, a unique business model and a multi-disciplinary team that is highly skilled, motivated and international. Our vision is to multiply value in the long term and help the company to unleash its full potential, behind sustainable growth, by committing to technology, research and development of advanced materials, design and branding.”

In turn and on behalf of the current investors, Andrea C. Bonomi, the Chairman of the Industrial Advisory Board of Investindustrial, which became a majority shareholder in 2019, said: “We identified the sintered stone sector as the fastest growing niche within high-end design surfaces solutions, due to its strong technical and sustainable features. Within the sector, Neolith is a global leader based on a strong culture of quality and R&D built by the founding Esteve family, and carried on by the excellent management team in place.”

Categories: News

Tags: