M&A Deal Summary

Parcom and Rivean Capital Acquire Bekaert Textiles NV

On February 1, 2011, private equity firms Parcom and Rivean Capital acquired apparel/textiles company Bekaert Textiles NV

Acquisition Highlights
  • This is Parcom’s 2nd and Rivean Capital’s 1st transaction in the Apparel/Textiles sector.
  • This is Parcom’s 1st and Rivean Capital’s 2nd transaction in Belgium.
Investment Fate
  • Bekaert Textiles NV was sold to a strategic buyer in 2015.

M&A Deal Summary

Date 2011-02-01
Target Bekaert Textiles NV
Sector Apparel/Textiles
Buyer(s) Parcom
Rivean Capital
Deal Type Going Private

Target

Bekaert Textiles NV

Waregem, Belgium
Bekaert Textiles NV develops, manufactures, and supplies mattress textile products. Bekaert Textiles is headquartered in Waregem, Belgium.

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Buyer(S) 2

Buyer

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 13 of 49
Sector: Apparel/Textiles M&A 2 of 5
Type: Going Private M&A Deals 1 of 2
Country: Belgium M&A 1 of 1
Year: 2011 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Dimension-Polyant

Kempen, Germany

Dimension-Polyant GmbH is a producer of sail cloth, producing woven, laminates, membranes and spinnaker cloths. Dimension-Polyant is the only sailcloth manufacturer having its own ultra-modern sailcloth weaving mill and a unique finishing plant where the fabrics pass through a 14-stage program. Weaving, finishing, laminating occurs all in one process. Dimension-Polyant was established in 1966 and is based in Kempen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-02 Hobré Instruments

Purmerend, Netherlands

Hobré Instruments is a designer and manufacturer of an online analyzer, sample systems and complete turnkey systems and solutions for the Oil & Gas, (Petro)Chemical, Steel, Power generation, Metal Recycling & Refining, Renewables, and Dairy industries. Hobré Instruments was founded in 1978 and is based in Purmerend, Netherlands.

Buy -
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 30 of 78
Sector: Apparel/Textiles M&A 1 of 2
Type: Going Private M&A Deals 2 of 6
Country: Belgium M&A 2 of 6
Year: 2011 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-29 Teleplan International N.V.

Schiphol, Netherlands

Teleplan International N.V. is a global electronics supply chain services and solutions provider. Teleplan provides end-to-end electronics supply chain services and solutions to leading blue-chip customers in more than 120 countries across Europe, the Americas and Asia Pacific. Teleplan focuses on four main product segments: Mobile, Consumer Premises Equipment, Consumer Electronics and Enterprises, and Infrastructure Equipment, and its end-to-end services are primarily focused on testing and grading, kitting, repair and refurbishment, reverse logistics and value recovery. Teleplan International N.V. was founded in 1983 and is based in Schiphol, Netherlands.

Buy €154M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-14 Nexeye

Gorinchem, Netherlands

Nexeye is an optical retail chain. The company offers a range of private label and branded spectacles, as well as hearing aids, contact lenses and sunglasses, at average price points significantly below its major competitors. Nexeye was established in 1982 and is based in Gorinchem, Netherlands.

Sell €160M