M&A Deal Summary

Foreman Capital Acquires D. van der Steen

On May 24, 2019, private equity firm Foreman Capital acquired construction company D. van der Steen

Acquisition Highlights
  • This is Foreman Capital’s 1st transaction in the Construction sector.
  • This is Foreman Capital’s 9th transaction in the Netherlands.
Investment Fate
  • D. van der Steen was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2019-05-24
Target D. van der Steen
Sector Construction
Buyer(s) Foreman Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

D. van der Steen

Utrecht, Netherlands
D. van der Steen is a provider of municipal asphalt maintenance in the region of Central Netherlands, North-Holland, and Limburg. D. van der Steen works as the main contractor on the basis of long-term maintenance contracts and is responsible for the annual maintenance of more than 10,000 kilometers of asphalt. D. van der Steen was founded in 1911 and is based in Utrecht, Netherlands.

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Buyer(S) 1

Buyer

Foreman Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Foreman Capital is an independent Dutch investment firm focused on mid-sized trading, production, and service companies. Foreman seeks opportunities throughout Northwest Europe generating EBITDA of €2.5 to €25 million. Foreman will invest in a variety of investment situations, including MBOs, MBIs, successions, divestitures, turnarounds, and recapitalizations. Foreman looks to invest at least €2.5 million per transaction and will consider both minority (influential) and majority positions. Foreman Capital was formed in 2005 and is based in Amsterdam.


DEAL STATS #
Overall 10 of 18
Sector: Construction M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 15
Country: Netherlands M&A 9 of 14
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Neomounts

Haarlem, Netherlands

Neomounts is a provider of hanging systems for IT & audiovisual hardware. Neomounts has its own sales offices in the Netherlands, Germany, the United Kingdom, and Poland and is active in more than 25 countries through these offices and agents. Neomounts is based in Haarlem, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-20 HBL Online

Tilburg, Netherlands

HBL Online is an operator of an e-commerce platform for tools from high-end brands, aimed at both B2B and B2C customers. HBL Online is based in Tilburg, Netherlands.

Buy -