Steadfast eyes Wilvo
German GP Steadfast Capital has expressed its intention to acquire a controlling interest in Wilvo, a Netherlands-based metal parts and assemblies manufacturer, according to a regulatory filing registered with the German competition authority on 26 April.
The GP is currently investing via its Steadfast Capital Fund IV, which closed on €297m in 2019.
Steadfast invests in companies with an enterprise value of €20-150m, focusing on companies it can expand through buy-and-build strategies using leverage of 3-4x EBITDA.
Founded in 1970 and headquartered in Bergeijk, Wilvo is a specialist in the processing of thin sheet steel and light construction work. It manufactures both simple and complex series of CNC punched, lasered, bent or welded products, as well as assembled products.
The GP has invested only once before in the Netherlands, backing meat processing systems company MPS between 2004-2010, according to Unquote Data.
Steadfast had not responded to comment at the time of publication.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds









