M&A Deal Summary

Torqx Capital Partners Acquires Fri-Jado

On January 29, 2018, private equity firm Torqx Capital Partners acquired electrical equipment company Fri-Jado from Mentha Capital

Acquisition Highlights
  • This is Torqx Capital Partners’ 1st transaction in the Electrical Equipment sector.
  • This is Torqx Capital Partners’ 3rd transaction in the Netherlands.

M&A Deal Summary

Date 2018-01-29
Target Fri-Jado
Sector Electrical Equipment
Buyer(s) Torqx Capital Partners
Sellers(s) Mentha Capital
Deal Type Secondary Buyout

Target

Fri-Jado

Oud Gastel, Netherlands
Fri-Jado is a manufacturer of rotisseries and hot & cold food presentation equipment for the retail and food-to-go industry. Fri-Jado’s main product categories are batch rotisseries, food-to-go merchandisers, and counters. Fri-Jado was founded in 1937 and is based in Oud Gastel, Netherlands.

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Buyer(S) 1

Buyer

Torqx Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 150M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Torqx Capital Partners is a private equity firm focused on acquiring and investing in medium-sized companies located in the Benelux. The Firm will consider a variety of investment situations including expansion financings, buy-and-builds, performance improvements, turnarounds, and transformational investments. Broad areas of interest include manufacturing, distribution and services where Torqx can leverage its experience and team. The Firm typically acquires majority positions and partners with entrepreneurs and management teams when pursuing transactions. Torqx Capital Partners was established in 2017 and is headquartered in Bussum, the Netherlands.


DEAL STATS #
Overall 3 of 16
Sector: Electrical Equipment M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 2
Country: Netherlands M&A 3 of 13
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-22 Diamond Tools Group

Valkenswaard, Netherlands

Diamond Tools Group is a manufacturer of diamond cutting tools and diamond wire dies, with roots going back for over 100 years. Diamond Tools Group was founded in 1968 and is based in Valkenswaard, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-07 Folat

Haarlem, Netherlands

Folat is a designer, manufacturer, and distributor of decorated party goods and party accessories in the Benelux. Key customer segments are dedicated to party goods stores, webshops, and large retailers. Folat was founded in 1993 and is based in Haarlem, Netherlands.

Buy -

Seller(S) 1

SELLER

Mentha Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 50M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Mentha Capital BV is a private equity firm focuses on acquiring small and mid-sized market companies located Netherland, primarily in Benelux. The Firm looks to invests in companies with revenues of €20 - €150 million and EBITDA of €2.5 - €20 million. It firm usually aims for majority stakes although in specific cases it participates in club-deals. The Firm target companies operating in the fields of manufacturing, services & distributions, trade wholesale, retail, consumer goods/services and leisure. Prospective transaction situation includes MBOs, MBIs, growth capital, secondary buyouts and corporate spin-offs. Mentha Capital BV was formed in 2006 and is based in Amsterdam.


DEAL STATS #
Overall 7 of 22
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 10
Country: Netherlands M&A 5 of 17
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-17 Venko Groep B.V.

Hoogeveen, Netherlands

Venko Groep B.V. is a provider of fabric maintenance services throughout the life cycle of assets, both offshore and onshore. The company offshore division delivers fabric maintenance services on oil & gas production platforms, windfarms and a wide variety of other offshore facilities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 OFYR

Elk Grove Village, Illinois, United States

OFYR is a provider of cone-shaped, high-performance cooking-unit which in combination with a wide range of supporting products forms a complete outdoor lifestyle concept. OFYR USA was founded in 2015 and is based in Elk Grove Village, Illinois. ,

Buy -