Investment Summary

NEON Private Equity Exits Smithuis

On October 5, 2012, private equity firm Gilde Equity Management invested in food company Smithuis from NEON Private Equity

Investment Highlights
  • This is Gilde Equity Management’s 6th transaction in the Food sector.
  • This is Gilde Equity Management’s 19th transaction in the Netherlands.
Investment Fate
  • Smithuis was sold to a publicly-traded strategic buyer in 2015.

Investment Summary

Date 2012-10-05
Target Smithuis
Sector Food
Investor(s) Gilde Equity Management
Sellers(s) NEON Private Equity
Deal Type Secondary Buyout

Target

Smithuis

Oldenzaal, Netherlands
Smithuis is one of the leading industrial bakery companies, supplying a broad assortment in (frozen) bake-off bread throughout the Netherlands and abroad as well as fresh bread to retailers in the eastern part of the country. Under the “PréPain” brand Smithuis is one of the pioneers of the (frozen) bake-off segment in the Netherlands and the company is enjoying healthy growth. Smithuis’ customers include all leading Dutch food retailers, wholesalers and out of home operators. Smithuis was founded in 1889 and is based in Oldenzaal, Netherlands.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

Gilde Equity Management

Houten, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gilde Equity Management Benelux (GEM) is a unit of Gilde Investment Management, a Dutch investment firm. Gilde Equity Management (GEM) is a generalist investor, focusing on buyouts of mid-market growth companies valued between €20 and €200 million. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. Gilde looks for investments across the Benelux region. GEM was formed in 1992 and is headquartered in Houten, the Netherlands.


DEAL STATS #
Overall 23 of 54
Sector: Food M&A 6 of 9
Type: Secondary Buyout M&A Deals 4 of 9
Country: Netherlands M&A 19 of 45
Year: 2012 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-21 BlueCielo ECM Solutions BV

Hoofddorp, Netherlands

BlueCielo ECM Solutions BV is a provider of software solutions to manage engineering information throughout the asset lifecycle. BlueCielo Meridian software connects maintenance and engineering, supports concurrent plant modifications, and improves data handover, while transforming engineering data into actionable plant information, keeping your users informed, compliant, and in control.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-12 Pré Pain B.V.

Oldenzaal, Netherlands

Pré Pain B.V. is a manufacturer of crispy bake off bread products. Pré Pain B.V. was established in 1992 and is headquartered in Oldenzaal, Netherlands.

Buy -

Seller(S) 1

SELLER

NEON Private Equity

Amsterdam, Netherlands

Category Private Equity Firm
Founded 1982
Size Small
Type Sector Agnostic
DESCRIPTION

NEON Private Equity is a Dutch private equity firm focused on management buyouts of middle-market companies. The Firm focuses on acquiring controlling interests and looks to commit €5 to €25 million in transactions valued between €25 and €150 million. Areas of interest include food, retail, wholesale, passenger transport, medical instruments, and media. NEON will consider select growth capital situations, however the Firm will not invest in startups. NEON Private Equity was formerly known as Fortis Private Equity Holding Nederland BV. The Firm was formed in 1982 and is based in Utrecht.


DEAL STATS #
Overall 6 of 6
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
Country: Netherlands M&A 4 of 4
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Sandd

Apeldoorn, Netherlands

Sandd is a postal company in the Netherlands and focuses on the delivery of addressed bulk mail, such as direct mail and subscription magazines. Since the liberalization of the Dutch postal market Sandd also focuses on transaction mail such as invoices and policies. Sandd was founded in 1999 and is based in Apeldoorn, Netherlands.

Sell -