M&A Deal Summary

NIBE Acquires Climate for life

On June 12, 2023, NIBE acquired business services company Climate for life from Parcom and Smile Invest

Acquisition Highlights
  • This is NIBE’s 1st transaction in the Business Services sector.
  • This is NIBE’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2023-06-12
Target Climate for life
Sector Business Services
Buyer(s) NIBE
Sellers(s) Parcom
Smile Invest
Deal Type Add-on Acquisition

Target

Climate for life

Schiedam, Netherlands
Climate for life provides heating, hot water, ventilation, and control solutions. The company makes it possible to live energy-neutral today in line with the climate demands of tomorrow. Climate for life is based in Schiedam, Netherlands.

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Buyer(S) 1

Buyer

NIBE

Markaryd, Sweden

Category Company
Founded 1949
Sector Electrical Equipment
Employees20,600
Revenue 40.5B SEK (2024)
DESCRIPTION

NIBE is an international heating technology company. Operations are conducted within three business areas – NIBE Energy Systems, NIBE Element and NIBE Stoves – all of which work according to a single vision of creating world-class solutions in sustainable energy. NIBE was founded in 1949 and is based in Markaryd, Sweden.


DEAL STATS #
Overall 8 of 9
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 6
Country: Netherlands M&A 1 of 1
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 FPI Fireplace Products International

Delta, British Columbia, Canada

FPI Fireplace Products International Ltd. is a provider of gas, wood, and pellet fireplaces, inserts and freestanding stoves, through attention to flame, heat, efficiency, safety and quality. FPI manufacturers and distributes the Regency, Hampton, and Greenfire brands of hearth products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Solzaima

Agueda, Portugal

Solzaima is a manufacturer of biomass-based heating systems, producing wood and pellet stoves, boilers, and central-heating solutions. The company focuses on sustainable, high-efficiency thermal technologies and supplies residential customers across domestic and international markets. Solzaima was founded in 1978 and is based in Agueda, Portugal

Buy -

Seller(S) 2

SELLER

Parcom

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Parcom Capital is a Dutch middle-market private equity group focused on opportunities in the Netherlands. The Firm targets companies with €50 to €500 million of revenue and €10 to €50 million of EBITDA. Sectors of interest include oil & gas, industrial, distribution, and manufacturing. Parcom Capital operates as a subsidiary of financial services firm ING and is based in Amsterdam.


DEAL STATS #
Overall 29 of 30
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 15 of 15
Country: Netherlands M&A 24 of 25
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 TAF

Eindhoven, Netherlands

TAF is a service provider and authorized agent (“volmacht”) for term life and disability insurance. TAF was founded in 1999 and is based in Eindhoven, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-01 Elektramat

Enschede, Netherlands

Elektramat is an online electrical wholesaler, specializing in distribution boards and electrotechnical materials. Elektramat dispatch custom distribution boards and other products to professional and private customers in the Benelux within 24 hours. Elektramat was founded in 2006 and is based in Enschede, Netherlands.

Buy -
SELLER

Smile Invest

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2017
PE ASSETS 350M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Smile Invest is a growth capital investment firm focused on the software, technology, healthcare, and consumer products/services sectors. The Firm targets opportunities across Western Europe, with an emphasis on companies in the Benelux region. Smile Invest will consider both majority or minority situations and seeks to commit €5 to €50 million in companies with up to €100 million of revenue. Smile Invest was formed in 2017 and is headquartered in Linden, Belgium.


DEAL STATS #
Overall 1 of 3
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Netherlands M&A 1 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-07 Tenten Solar

Lichtenvoorde, Netherlands

Tenten Solar is a manufacturer, specialist, wholesaler, supplier, and installer of solar panel systems. The company is specialized in generating solar power by means of solar panels ( PV panels ). Tenten Solar serves the market of professional clients such as housing corporations, agricultural companies, (SME) companies, and (semi-) government institutions. Tenten Solar was founded in 2009 and is based in Lichtenvoorde, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-29 SmartSD

Breda, Netherlands

SmartSD is a distributor of products and services in the area of video surveillance, burglary and fire protection and access control for the professional market. SmartSD was established in 2008 and is based in Breda, Netherlands.

Sell -