Egeria sells Den Braven for €485m

The purchase price equals 11x EBITDA. Arkema bought the business to merge with its subsidiary Bostik, which also produces adhesives. It hopes the integration of Den Braven into Bostik will generate cost savings of €30m in five years.

So far, Egeria has acquired two businesses this year: Utrecht-based human resources service The Employment Group and KP&T, which operates in the same sector. The investor merged the two companies.

Previous funding
Egeria acquired Den Braven from the founding family in August 2010 for an undisclosed amount.

Company
Founded in 1974 and based in Oosterhout, Den Braven produces sealants and adhesives for the construction and DIY industry. The company operates under several brand names, claiming it sells 200 million units per annum. It also produces white-label products for several competitors.

Den Braven employs 1,100 people and has revenues of €320m.

People
Egeria – Peter Visser (managing partner).

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