M&A Deal Summary

Indufin Acquires Varo

On July 1, 2021, private equity firm Indufin acquired machinery company Varo

Acquisition Highlights
  • This is Indufin’s 1st transaction in the Machinery sector.
  • This is Indufin’s 10th transaction in Belgium.

M&A Deal Summary

Date 2021-07-01
Target Varo
Sector Machinery
Buyer(s) Indufin
Deal Type Buyout (LBO, MBO, MBI)

Target

Varo

Lier, Belgium
Varo is an international do-it-yourself (DIY) hand tools and power tools company as it designs, markets and distributes powered and non-powered DIY tools under its own brands: Powerplus, Kreator and Premion, as well as private label products. Varo was founded in 1958 and is based in Lier, Belgium.

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Buyer(S) 1

Buyer

Indufin

Heverlee, Belgium

Investor Investor


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Indufin SA is a private equity firm focused on middle market companies throughout Belgium and Luxembourg. The Firm targets profitable, growing companies with proven track records. Indufin looks to invest €5 to €15 million in businesses with stable cash flows and strong opportunities for growth with and EBITDA of minimum €2 million. The Firm will consider both majority and significant minority positions. Prospective transaction situation include MBOs, MBIs, and growth capital financings. Indufin was formed in 2001 and is based in Heverlee, Belgium.


DEAL STATS #
Overall 13 of 17
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 11
Country: Belgium M&A 10 of 14
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Kyotec Group

Bissen, Luxembourg

Kyotec Group is a designer, assembler and installer of curtain walls (external cladding of the building for large non-residential projects). Kyotec Group was founded in 2008 and is based in Bissen, Luxembourg.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Penne

Aalst, Belgium

Penne is a prime manufacturer of engineered metal and plastic components, offering customised value chain solutions for Tier I subcontractors. Penne was founded in 1972 and is based in Aalst, Belgium.

Buy -