Investment Summary

Vendis Capital and Waterland Private Equity Invest In X²O

On November 1, 2016, private equity firms Vendis Capital and Waterland Private Equity invested in retailer X²O

Investment Highlights
  • This is Vendis Capital’s 3rd and Waterland Private Equity’s 1st transaction in the Retail sector.
  • This is Vendis Capital’s 4th and Waterland Private Equity’s 18th transaction in Belgium.

Investment Summary

Date 2016-11-01
Target X²O
Sector Retail
Investor(s) Vendis Capital
Waterland Private Equity
Deal Type Growth Capital

Target

X²O

Ghent, Belgium
X²O is a retailer of visible sanitary equipment and furniture, focused on residential bathroom renovations. The company offers a broad assortment of high-quality showers, bathtubs, furniture and similar products through a network of over 50 showrooms. X²O was founded in 2005 and is based in Ghent, Belgium.

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Investor(S) 2

Investor

Vendis Capital

Diegem, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

Vendis Capital is an independent, Western European private equity firm focused on opportunities in the consumer sector. Vendis invests in branded consumer companies including retail, food, consumer goods, and consumer services. The Firm will consider majority and minority positions and generally seeks to commit €5 to €25 million in companies generating up to €120 million in revenue. Funds are generally used to support internal growth, acquisitions, full or partial liquidity to stakeholders, management buyouts, and corporate divestitures. Vendis Capital was formed in 2009 and is based in Brussels.


DEAL STATS #
Overall 13 of 30
Sector: Retail M&A 3 of 7
Type: Growth Capital M&A Deals 6 of 16
Country: Belgium M&A 4 of 5
Year: 2016 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-20 Legio Group

Belgium

Legio Group is a Belgian retailer with three specialist concepts: X²O (bathrooms), Overstock Garden (garden furniture), and Overstock Home (interior furniture and accessories). X²O is a leading retailer in bathroom furniture and fittings. With as many as eighteen branches, the retailer recently took its first steps into the Netherlands where it now has three shops. Overstock Garden is the Belgian market leader for selling high-quality garden furniture and related products. Overstock’s interior range was recently given its own shop concept with the creation of Overstock Home which now has a total of thirteen sales outlets. Legio Group is based in Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Yarrah Organic Petfood

Harderwijk, Netherlands

Yarrah Organic Petfood is an organic pet food brand in Europe with a complete range of organic products for cats and dogs. All products are certified organic, which means all animal and plant ingredients need to live up to the highest quality restrictions to comply with the organic seal, meaning a.o. no exposure to chemical additives or preservatives, no use of hormones, but also maintaining high animal welfare standards for livestock used. Yarrah Organic Petfood was founded in 1992 and is based in Harderwijk, Netherlands.

Sell -
Investor

Waterland Private Equity

Bussum, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Waterland Private Equity Investments BV is a private equity firm focused on mid-sized company investments in Central Europe. Waterland looks for businesses with €10 to €200 million in revenue and generally seeks companies operating in fragmented markets or industries undergoing change as a result of: outsourcing, the aging population, and a growing population with increased purchasing power. The Firm typically partners with entrepreneurs and management teams to accelerate the growth of their businesses or complete buyouts and consolidation strategies. Waterland Private Equity Investments was formed in 1999 and is based in Bussum, the Netherlands.


DEAL STATS #
Overall 60 of 121
Sector: Retail M&A 1 of 2
Type: Growth Capital M&A Deals 17 of 40
Country: Belgium M&A 18 of 28
Year: 2016 M&A 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-27 L biotica

Gdansk, Poland

L'biotica is engaged in production of dermo-cosmetics and cosmeceuticals. L'biotica is based in Gdansk, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 Base Logistics

Klundert, Netherlands

Base Logistics is an asset-light provider of integrated transport and warehouse management services, specialized in time- and mission-critical transports. Base Logistics was founded in 1994 and is based in Klundert, Netherlands.

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