M&A Deal Summary

Smile Invest Acquires Magnum Heating

On September 11, 2019, growth capital firm Smile Invest acquired manufacturer Magnum Heating

Acquisition Highlights
  • This is Smile Invest’s 1st transaction in the Manufacturing sector.
  • This is Smile Invest’s 4th transaction in the Netherlands.

M&A Deal Summary

Date 2019-09-11
Target Magnum Heating
Sector Manufacturing
Buyer(s) Smile Invest
Deal Type Buyout (LBO, MBO, MBI)

Target

Magnum Heating

Tholen, Netherlands
Magnum Heating is a designer, manufacturer, and supplier of electric and water-based underfloor-, wall- and ceiling heating systems and adjacent products for residential, industrial and commercial applications. Magnum Heating was founded in 1992 and is based in Tholen, Netherlands.

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Buyer(S) 1

Buyer

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 5 of 15
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 6
Country (Netherlands) 4 of 11
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 Microflor

Lochristi, Belgium

Microflor is active in breeding and propagation of tropical plants with a focus on Phalaenopsis orchids. The company has unique expertise in in-vitro propagation and breeding technologies that resulted in an extensive proprietary plant genetics portfolio of over 160 commercially available varieties and over 1,000 varieties under development. The company operates state-of-the-art labs and production facilities in Belgium and Slovakia from which it delivers young plants across Europe and the Americas. Microflor is based in Lochristi, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-26 miDiagnostics

Heverlee, Belgium

miDiagnostics is using silicon chip technology bringing miniaturized, rapid, easy-to-use, lab-quality tests directly to the patient and clinician. miDiagnostics is based in Heverlee, Belgium.

Buy -