M&A Deal Summary

Rivean Capital and Navitas Capital Acquire Reesink

On February 10, 2016, private equity firm Rivean Capital and growth capital firm Navitas Capital acquired distribution company Reesink for 279M EUR

Acquisition Highlights
  • This is Rivean Capital’s 4th and Navitas Capital’s 1st transaction in the Distribution sector.
  • This is Rivean Capital’s 3rd and Navitas Capital’s 0th largest (disclosed) transaction.
  • This is Rivean Capital’s 23rd and Navitas Capital’s 7th transaction in the Netherlands.
Investment Fate
  • Reesink was sold to a consortium of financial buyers in 2019.

M&A Deal Summary
Date 2016-02-10
Target Reesink
Sector Distribution
Buyer(s) Rivean Capital
Navitas Capital
Deal Type Going Private
Deal Value 279M EUR
Advisor(s) Rabobank Securities (Financial)
De Brauw Blackstone Westbroek N.V (Legal)

Target

Reesink

Apeldoorn, Netherlands
Reesink is an international distributor of high-quality machines and components for agriculture, landscape maintenance, warehouse design, and civil engineering. Reesink was founded in 1786 and is based in Apeldoorn, Netherlands.

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Buyer(S) 2

Buyer

Rivean Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Gilde Buy Out Partners (GBO) is unit of Gilde Investment Management, a Dutch private equity group. Gilde Buy Out Partners (GBO) targets investments in larger businesses valued from €75 and €600 million with at least €8 million in cash flow. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. GBO looks for investments across Western Europe, with an emphasis on opportunities in Belgium, The Netherlands, Luxembourg, France, Germany, Switzerland and Austria. Gilde was formed in 1982 and has offices in Utrecht, Paris, Brussels, and Zurich.

DEAL STATS #
Overall 42 of 76
Sector (Distribution) 4 of 6
Type (Going Private) 5 of 6
Country (Netherlands) 23 of 40
Year (2016) 1 of 4
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-14 Spandex

Rümlang, Switzerland

Spandex is a distributor of graphic media and equipment to the signage and visual communication industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 AMOR

Obertshausen, Germany

AMOR is a wholesaler and in-store retailer of jewellery. AMOR sources, distributes, and supplies precious metal and non-precious metal jewellery to large-scale retail outlets.

Buy -
Buyer

Navitas Capital

Investor Investor

Category Growth Capital Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Navitas Capital is a private investment group focused on Dutch-based, growth oriented companies where the firm can commit €3 to €15 million of capital. The Firm will consider public and private opportunities with a preference for majority investment positions. Navitas Capital is based in Alphen aan den Rijn, the Netherlands.

DEAL STATS #
Overall 7 of 11
Sector (Distribution) 1 of 2
Type (Going Private) 1 of 1
Country (Netherlands) 7 of 11
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-15 Dynamo Retail Group

Amersfoort, Netherlands

Dynamo Retail Group is a bicycle retailer focused on providing services to clients from the Netherlands, Belgium and Germany. Dynamo Retail Group was founded in 2014 and is based in Amersfoort, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-16 Avantium

Amsterdam, Netherlands

Avantium is a chemical technology company, that develops and commercializes renewable chemistry solutions. It operates through three segments: Avantium R&D Solutions, Avantium Renewable Chemistries, and Avantium Renewable Polymers. The company offers furandicarboxylic acid, a building block for polyethylene furanoate (PEF); and PEF, a plant-based recyclable plastic for use as packaging material. Avantium was founded in 2000 and is based in Amsterdam, Netherlands.

Sell -
Mergr

Product

Company

Legal