M&A Deal Summary

KeBeK Private Equity and Apicem Investments Acquire Askove

On March 27, 2024, private equity firms KeBeK Private Equity and Apicem Investments acquired energy services and equipment company Askove

Acquisition Highlights
  • This is KeBeK Private Equity’s 1st and Apicem Investments’ 1st transaction in the Energy Services and Equipment sector.
  • This is KeBeK Private Equity’s 6th and Apicem Investments’ 1st transaction in the Netherlands.

M&A Deal Summary

Date 2024-03-27
Target Askove
Sector Energy Services and Equipment
Buyer(s) KeBeK Private Equity
Apicem Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Askove

Schijndel, Netherlands
Askove designs and builds process equipment based on thermoplastics. The company specializes in process technology, and mechanical and control solutions for the treatment and cleaning of fluids and emissions, in both biological and chemical ways. It is focused on finding practical and eƯicient solutions to problem situations concerning odor treatment and handling of (contaminated) gases and chemical fluids in industrial processes. Askove was founded in 1965 and is based in Schijndel, Netherlands.

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Buyer(S) 2

DESCRIPTION

KeBeK Private Equity is an independent private equity fund that invests in lower middle-market, growth-oriented companies with €10 to €50 million of revenue. The Firm is sector agnostic, prefers controlling stakes, however will consider select minority investment situations. KeBeK Private Equity was established in 2013 and is headquartered in Strombeek-Bever, Belgium.


DEAL STATS #
Overall 16 of 17
Sector: Energy Services and Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 10
Country: Netherlands M&A 6 of 6
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 Dalton

Oosterhout, Netherlands

Dalton provides aesthetic treatments based on laser technology and offers training, installation, and delivery of consumables and components, maintenance, and after-sales service. The company acts as a one-stop-shop partner for its customers, being professional users in the medical, paramedical, and aesthetic sectors, both in the Netherlands, Belgium, and Luxembourg. The main applications relate to treatments for vascular lesions, pigmented lesions, permanent hair reduction, tattoo removal, skin rejuvenation, and body contouring. Dalton was founded in 2001 and is based in Oosterhout, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 CHP

Beveren, Belgium

CHP is a developer and manufacturer of MicroDry conveyor lubrication and automated conveyor cleaning systems and products for use predominantly by dairy and beverage bottlers. CHP was formed in 1997 and is based in Beveren, Belgium.

Sell -
DESCRIPTION

Apicem Investments is a lower middle-market investment firm focused on acquiring founder owned businesses with €15 to €150 million of revenue. The Firm seeks businesses in the Benelux and DACH regions of Europe and looks to commit €3 to €12 million per investment. Apicem Investments was formed in 2023 and is based in Vught, the Netherlands.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2024 M&A 1 of 1