Investment Summary

Indufin Invests In Penne

On January 1, 2023, private equity firm Indufin invested in manufacturer Penne

Investment Highlights
  • This is Indufin’s 1st transaction in the Manufacturing sector.
  • This is Indufin’s 11th transaction in Belgium.

Investment Summary

Date 2023-01-01
Target Penne
Sector Manufacturing
Investor(s) Indufin
Deal Type Stake Purchase

Target

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.

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Investor(S) 1

Investor

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 14 of 17
Sector: Manufacturing M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 3
Country: Belgium M&A 11 of 14
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-21 Yontec

Hasselt, Belgium

Yontec unburdens technical services by offering customized capacity filling. In doing so, Yontec provides experience, know-how and manpower for all industrial, facility and logistics maintenance work, in the short and long term. Yontec was founded in 2005 and is based in Hasselt, Belgium.

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