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M&A Deal Summary

Nimbus Acquires BontexGeo

On September 3, 2019, private equity firm Nimbus acquired apparel/textiles company BontexGeo from Low & Bonar

Acquisition Highlights
  • This is Nimbus’ 1st transaction in the Apparel/Textiles sector.
  • This is Nimbus’ 1st transaction in Belgium.
Investment Fate
  • BontexGeo was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2019-09-03
Target BontexGeo
Sector Apparel/Textiles
Buyer(s) Nimbus
Sellers(s) Low & Bonar
Deal Type Divestiture

Target

BontexGeo

Zele, Belgium
BontexGeo is a producing technical textiles and is a supplier of geotextiles and geosynthetics, which are used in infrastructure works and industrial applications to improve technical characteristics and reduce carbon footprint. BontexGeo was founded in 1925 and is based in Zele, Belgium.

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Buyer(S) 1

Buyer

Nimbus

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Nimbus is a private equity firm focused on investing in medium-sized European businesses with strong market positions. The Firm seeks companies with annual turnover between €20 and €500 million in the industrial, manufacturing, business services, and technical trade sectors. Nimbus was established in 1999 and is based in Zeist, the Netherlands.

DEAL STATS #
Overall 24 of 38
Sector: Apparel/Textiles M&A 1 of 2
Type: Divestiture M&A Deals 2 of 4
Country: Belgium M&A 1 of 1
Year: 2019 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Intega

Kirchheim, Germany

Intega is a provider of high purity media technologies. Intega products are gas supply systems, chemical supply and drain systems, as well as water systems that meet the high purity and safety critical requirements of the semiconductor and pharma industries. Intega was founded in 1946 and is based in Kirchheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Paralloy & Firth Vickers

Billingham, United Kingdom

Paralloy & Firth Vickers is a provider of specialist engineered products that service domestic and international markets in the petrochemicals, and aerospace industries respectively. Paralloy & Firth Vickers was founded in 1967 and is based in Billingham, United Kingdom.

Buy -

Seller(S) 1

SELLER

Low & Bonar

London, United Kingdom
Category Company
Founded 1903
Sector Apparel/Textiles
Revenue 317M GBP (2019)
DESCRIPTION

Low & Bonar PLC produces advanced, high-performance materials from polymer-based yarns and fibers. The proprietary technologies it uses to weave and create them lead to products with exceptional strength and versatility. Low & Bonar was 1903 and is based in London.

DEAL STATS #
Overall 3 of 3
Sector: Apparel/Textiles M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
Country: Belgium M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-04 Bonar Emirates Technical Yarns Industries

Abu Dhabi, United Arab Emirates

Bonar Emirates Technical Yarns Industries LLC manufactures yarn. Grass yarns production business comprising the majority of its Sports & Leisure global business unit.

Sell €24M
Mergr

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