Secondary Buyout • Building Materials

THI Investments Acquires RE Panels

On September 11, 2019, family office THI Investments acquired building materials company RE Panels from Riverside

Acquisition Context
  • This is THI Investments’ 1st transaction in the Building Materials sector.
  • This is THI Investments’ 1st transaction in Belgium.

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M&A Deal Summary

Date September 11, 2019
Target RE Panels
Sector Building Materials
Buyer(s) THI Investments
Sellers(s) Riverside
Deal Type Secondary Buyout

Target Company

RE Panels

Blandain, Belgium
RE Panels specializes in making panels for overhead doors. The company makes sandwich panels for residential, commercial and industrial sectional overhead doors. RE Panels product suite includes traditional panels for industrial doors and finger-safe panels for residential garage doors sold across Europe. RE Panels was founded in 2008 and is based in Blandain, Belgium.
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Buyer Overview 1

Buyer

THI Investments

Investor Investor Investor Investor Investor


Category Family Office
Founded 2016
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

THI Investments is a family backed investment firm focused on opportunities in private equity, venture capital and real estate. The Firm's private equity group targets European middle-market companies with strong growth prospects in the areas of business services, education and training, healthcare, and industrials. THI Investments was formed in 2016 and is headquartered in Stuttgart, Germany.


Deal Context for Buyer #
Overall 3 of 9
Sector: Building Materials 1 of 1
Type: Secondary Buyout 1 of 4
Country: Belgium 1 of 1
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-27 apo.com Group

Markkleeberg, Germany

apo.com Group is a digital health platform and online pharmacy. The business focuses on the efficient purchase and sale of OTC and RX pharmaceutical products online and the related fulfilment operations such as warehousing, logistics, marketing & IT. apo.com Group was founded in 2004 and is based in Markkleeberg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Corndel

London, United Kingdom

Corndel is a provider of leadership and digital training for large employers. The company serves a loyal blue-chip client base, bringing 3,500 learners onto its programs, with a particular focus on the banking, insurance, and professional services sectors. Corndel was founded in 2016 and is based in London, United Kingdom.

Buy -

Seller Profile 1

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


Deal Context for Seller #
Overall 152 of 209
Sector: Building Materials 6 of 8
Type: Secondary Buyout 61 of 84
Country: Belgium 1 of 1
Year: 2019 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 Toolport

Norderstedt, Germany

Toolport is a European online provider of professional tents and spare parts for the consumer and industrial markets. The company operates an online direct-to-consumer model supported by a specialized and high-quality customer service team. Toolport was founded in 1984 and is based in Norderstedt, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-20 Bike24

Dresden, Germany

Bike24 is an online retailer of cycling and tri-sports equipment, accessories and apparel. Bike24 is based in Dresden, Germany.

Buy -