M&A Deal Summary

Fremman Capital and Souter Investments Limited Acquire VPS

On June 22, 2021, private equity firm Fremman Capital and family office Souter Investments Limited acquired business services company VPS from IK Partners

Acquisition Highlights
  • This is Fremman Capital’s 1st and Souter Investments Limited’s 6th transaction in the Business Services sector.
  • This is Fremman Capital’s 1st and Souter Investments Limited’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2021-06-22
Target VPS
Sector Business Services
Buyer(s) Fremman Capital
Souter Investments Limited
Sellers(s) IK Partners
Deal Type Secondary Buyout

Target

VPS

Barendrecht, Netherlands
VPS is a marine fuel testing and advisory services company, which assists the global shipping fleet verify fuel and oil quality to meet environmental regulations. VPS provides its services globally through five strategically located laboratories, with samples shipped and tested from anywhere in the world. VPS services the global fleet, providing accurate testing and advice to ensure compliant, safe, and efficient voyages. VPS was formed in 1980 and is based in Barendrecht, Netherlands.

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Buyer(S) 2

DESCRIPTION

Fremman Capital is a private equity firm focused on partnering with management teams in successful companies throughout Europe. The Firm invests in a variety of industries including business and tech services, healthcare, consumer products and services, and industrials. Fremman will consider a variety of investment situaitons including typically capital for growth as well as consolidation opportunities. Fremman Capital was established in 2020 and is based in London, England.


DEAL STATS #
Overall 1 of 7
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 1 of 3
Country (Netherlands) 1 of 1
Year (2021) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Bollo Natural Fruit

Alzira, Spain

Bollo Natural Fruit is dedicated to the processing and distribution of citric fruit. TNFC controls c. 900 hectares of plantations and has a total production capacity of c. 400k tonnes of fruit per annum. Bollo Natural Fruit is based in Alzira, Spain.

Buy -
DESCRIPTION

Souter Investments is a family office focused on private equity investing throughout the UK. The Firm looks to commit £2 to £30 million to support a variety of transaction situations including buyouts, growth capital financings, corporate divestitures, and balance sheet restructurings. Broad areas of interest include transportation, luxury goods, financial services, healthcare, and business services. Souter Investments was established in 2008 and is based in Edinburgh, Scotland.


DEAL STATS #
Overall 31 of 48
Sector (Business Services) 6 of 8
Type (Secondary Buyout) 4 of 9
Country (Netherlands) 1 of 1
Year (2021) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Amerplast

Tampere, Finland

Amerplast is a provider of flexible plastic packaging solutions for both food and non-food applications to the biggest brands in key market segments in Europe. Amerplast was founded in 1952 and is based in Tampere, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Pet Network

Zagreb, Croatia

Pet Network offers its customers a best-in-class range of thousands of pet products, available both in physical stores and online, as well as other services such as grooming and veterinary care. Pet Network is a European pet care retail group of companies, currently operating in South-Eastern Europe. The company is operating under the brand Pet Centar, in Romania, operating under the brands Animax and Maxi Pet, in Slovenia, operating under the brand Mr. Pet, in Serbia, operating under the brand Pet Centar. Pet Network is based in Zagreb, Croatia.

Sell -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.


DEAL STATS #
Overall 95 of 117
Sector (Business Services) 11 of 12
Type (Secondary Buyout) 37 of 49
Country (Netherlands) 7 of 9
Year (2021) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 NetCo

Bordeaux, France

NetCo is a provider of general maintenance and servicing of conveyor systems across a wide range of production sectors - particularly food processing, logistics, minerals and agro-food. NetCo was founded in 1902 and is based in Bordeaux, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Blanchon Group

Saint-Priest, France

Blanchon Group is a manufacturer of wood finishes products for professionals and individuals. The Blanchon Group manufactures 7000 references sold under the Blanchon brand in professional distribution networks and the Syntilor brand in DIY stores. The Blanchon Group also produces varnishes for PVC floors for world leaders in flooring manufacturing. Present in several countries in Europe and in major export markets. Blanchon Group was founded in 1832 and is based in Saint-Priest, France.

Buy -