Investment Summary

MKB Fonds Exits Groveko

On August 14, 2023, Bunzl invested in distribution company Groveko from MKB Fonds

Investment Highlights
  • This is Bunzl’s 73rd transaction in the Distribution sector.
  • This is Bunzl’s 9th transaction in the Netherlands.

Investment Summary

Date 2023-08-14
Target Groveko
Sector Distribution
Investor(s) Bunzl
Sellers(s) MKB Fonds
Deal Type Add-on Acquisition

Target

Groveko

Ede, Netherlands
Groveko as a cleaning wholesaler, Groveko supplies cleaning products and machines to the food industry, the medical and pharmaceutical sectors, schools, cleaning companies, the automotive industry, the catering industry, the graphics sector, healthcare institutions and the rapidly growing wellness sector. Groveko was founded in 1978 and is based in Ede, Netherlands.

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Investor(S) 1

Investor

Bunzl

London, United Kingdom

Category Company
Founded 1854
Sector Distribution
Employees26,978
Revenue 11.8B GBP (2024)
DESCRIPTION

Bunzl is a distribution and outsourcing group with operations across the Americas, Europe, Asia Pacific, and UK & Ireland. It supports businesses all over the world with a variety of products that are essential for our customers in the successful operation of their businesses. Bunzl was founded in 1854 and is based in London, England.


DEAL STATS #
Overall 128 of 128
Sector: Distribution M&A 73 of 73
Type: Add-on Acquisition M&A Deals 115 of 115
Country: Netherlands M&A 9 of 9
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Hydropac

Buckinghamshire, United Kingdom

Hydropac is a distributor of insulated packaging solutions. Hydropac was founded in 2001 and is based in Buckinghamshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-04 R3 Safety

Fairfield, Ohio, United States

R3 Safety is a wholesaler of a comprehensive range of PPE and safety products with national reach, focused on providing its customer base with a one-stop solution for all their safety supplies and other related products. R3 Safety is based in Fairfield, Ohio.

Sell -

Seller(S) 1

SELLER

MKB Fonds

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 55M EUR
Size Small
Type Sector Focused
DESCRIPTION

MKB Fonds is a private equity firm focused on investments in small and medium-sized Dutch family companies. The Firm seeks established and profitable businesses in the distribution and business services sectors. Potential companies are typically profitable, with at least €500K in EBITDA. MKB Fonds does not invest in start-ups, real estate, catering, agriculture or construction. MKB Fonds was founded in 2011 and is headquartered in Amsterdam, the Netherlands.


DEAL STATS #
Overall 2 of 2
Sector: Distribution M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-19 PropertyView

Haarlem, Netherlands

PropertyView is a commercial real estate manager focused on technical and financial management. PropertyView's portfolio mainly consists of offices, industrial spaces, shops and shopping centers, catering establishments and social real estate for a number of loyal and reputable (listed) customers. PropertyView was founded in 2002 and is based in Haarlem, Netherlands.

Buy -