M&A Deal Summary

Rivean Capital Acquires Intero

On June 25, 2024, private equity firm Rivean Capital acquired business services company Intero from First Reserve

Acquisition Highlights
  • This is Rivean Capital’s 8th transaction in the Business Services sector.
  • This is Rivean Capital’s 40th transaction in the Netherlands.

M&A Deal Summary

Date 2024-06-25
Target Intero
Sector Business Services
Buyer(s) Rivean Capital
Sellers(s) First Reserve
Deal Type Secondary Buyout

Target

Intero

Tricht, Netherlands
Intero is a global inspection and industrial services provider to the oil, gas, refining, and petrochemical industries. Intero provides technology-driven services to enhance the integrity and performance of critical midstream and downstream assets during their life cycle, particularly for the inspection of challenging high-angle and small-diameter pipeline infrastructure. Intero Integrity Services is based in Tricht, Netherlands.

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Buyer(S) 1

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 75 of 76
Sector (Business Services) 8 of 8
Type (Secondary Buyout) 23 of 24
Country (Netherlands) 40 of 40
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Dataciders

Dortmund, Germany

Dataciders is a provider of data & analytics services. The Company offers a broad range of services, including data strategy, data science, preprocessing of data for AI applications, software engineering, data management, business intelligence, and analytics. Dataciders was formed in 2001 and is headquartered in Dortmund, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Perbility

Bamberg, Germany

Perbility is a HCM software provider specializes in delivering flexible and intuitive tools that help organizations digitize their HR workflows and enhance operational efficiency. The company's comprehensive suite covers the HCM value chain, including talent acquisition, core HR, organizational planning, talent management, employee experience and engagement, and administrative digitization. Perbility was formed in 2009 and is based in Bamberg, Germany.

Buy -

Seller(S) 1

SELLER

First Reserve

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 32.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 56 of 57
Sector (Business Services) 3 of 3
Type (Secondary Buyout) 7 of 7
Country (Netherlands) 2 of 2
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 GridTek Utility Services

Melbourne, Florida, United States

GridTek Utility Services is a provider of electrical transmission and distribution maintenance services for utility infrastructure, primarily serving the Southeast, mid-Atlantic and Southwest regions of the United States. GridTek Utility Services is based in Melbourne, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-23 IRISNDT Inspection & Engineering Services

Edmonton, Alberta, Canada

IRISNDT Inspection & Engineering Services provides advanced and general non-destructive testing (NDT), inspection, engineering, heat treatment, rope access, and specialized software solutions to the refining, petrochemical, chemical, power generation, pipeline, and industrial markets. IRISNDT Inspection & Engineering Services was founded in 1953 and is based in Edmonton, Alberta.

Sell -