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M&A Deal Summary

VE Partners Acquires Satelliet

On October 1, 2023, distressed investor VE Partners acquired furniture company Satelliet

Acquisition Highlights
  • This is VE Partners’ 1st transaction in the Furniture sector.
  • This is VE Partners’ 16th transaction in the Netherlands.

M&A Deal Summary
Date 2023-10-01
Target Satelliet
Sector Furniture
Buyer(s) VE Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Satelliet

Breda, Netherlands
Satelliet designs, development, production and distribution of indoor and outdoor furniture, predominantly for the hospitality market (restaurants, cafes and hotels), but also for offices, educational and healthcare institutions, retail, leisure and marine industries. Satelliet provides high quality chairs, tables and couches through its regular satelliet collection and offers uniquely designed pieces, in cooperation with international designers, through its exclusive brand Satelliet Originals. Satelliet was founded in 1971 and is based in Breda, Netherlands.

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Buyer(S) 1

Buyer

VE Partners

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

Category Distressed Investor
Founded 1999
PE ASSETS 200M EUR
Size Small
Type Sector Focused
DESCRIPTION

VE Partners is an independent private equity firm focused on opportunities across Western Europe. VE Partners is a generalist investor and targets medium-sized companies with €25 to €300 million in revenue. The Firm looks to commit €5 to €30 million per transaction and will consider a variety of investment situations including management buyouts, carve-outs, and turnarounds. VE Partners formed in 1999 and is based in Amsterdam.

DEAL STATS #
Overall 18 of 20
Sector: Furniture M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 14
Country: Netherlands M&A 16 of 18
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-11 Premium Sound Solutions

Dendermonde, Belgium

Premium Sound Solutions is active worldwide in the development, sales, and production of sound solutions for the automotive industry and top-end consumer market (from speaker to complete finished products). Premium Sound Solutions is based in Dendermonde, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-30 BN Walls

Huizen, Netherlands

BN Walls is a manufacturer of cover materials, suitable for a wide range of applications, from book covers to luxury packages and menus into photo albums. BN Walls was founded in 1926 and is based in Huizen, Netherlands.

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