M&A Deal Summary

EK/servicegroup eG Acquires Euretco BV

On April 23, 2015, EK/servicegroup eG acquired retailer Euretco BV from Avedon Capital Partners and GIMV

Acquisition Highlights
  • This is EK/servicegroup eG’s 1st transaction in the Retail sector.
  • This is EK/servicegroup eG’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2015-04-23
Target Euretco BV
Sector Retail
Buyer(s) EK/servicegroup eG
Sellers(s) Avedon Capital Partners
GIMV
Deal Type Add-on Acquisition

Target

Euretco BV

Hoevelaken, Netherlands
Euretco BV is a dynamic retail organization in the non-food retail sector, directed at independent entrepreneurs, and through its own retail activities, also at consumers. T

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Buyer(S) 1

Buyer

EK/servicegroup eG

Bielefeld, Germany

Category Company
Sector Business Services
DESCRIPTION

EK/servicegroup eG provides retails solutions.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 2

DESCRIPTION

Avedon Capital Partners is a private investment firm focused on minority and majority growth investments in the Benelux and Germany. Avedon pursues rapidly growing companies that have reached an inflection point where a growth equity investment can create significant value. The Firm looks to invest €5 to €30 in companies valued up to €150 million. Investment proceeds are generally used to fund key growth initiatives or shareholder liquidity. Avedon Capital Partners was formed in 2011 and is based in Amsterdam.


DEAL STATS #
Overall 6 of 19
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 10
Country: Netherlands M&A 5 of 13
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-24 Van Geloven

Tilburg, Netherlands

Van Geloven is a producer of frozen snacks and appetizers in the Benelux market. The company produces various ragouts products (such as croquettes and bitterballs), satay, nasi and bami products (ethnic Indonesian fried rice, respectively, noodle dish) and minced-meat rolls (frikadellen, hamburgers). Van Geloven was formed in 1960 and is based in Tilburg, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-22 Robidus Groep B.V.

Zaandam, Netherlands

Robidus Groep B.V. is a full-service player around sickness and disability and the associated risks and costs affecting employers and insurers. Robidus offers advisory, outsourcing services, and insurance intermediation to corporates and some outsourcing services around claims handling to insurers. Robidus Groep B.V. was founded in 2003 and is based in Zaandam, Netherlands.

Buy -
SELLER

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 60 of 111
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 29 of 58
Country: Netherlands M&A 16 of 29
Year: 2015 M&A 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-27 United Dutch Breweries

Breda, Netherlands

United Dutch Breweries is a supplier of specialty beers, such as non-alcoholic beers, stout beers and dark malt beverages. United Dutch Breweries was founded in 1968 and is based in Breda, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-08 Acertys Healthcare

Aartselaar, Belgium

Acertys Healthcare is an organisation active in consulting, sales, integration, training and technical support in the fields of medical technology, software, equipment and materials for selected fields in both public and private healthcare practices. Acertys Healthcare is based in Aartselaar, Belgium.

Sell -