Bencis to launch sixth buyout fund

Alessia Argentieri
19 May 2020

Tweet
Facebook
LinkedIn
Google plus
Send to

Dutch private equity firm Bencis Capital Partners is preparing the launch of its sixth buyout fund, Bencis VI, according to public documents.

The GP is currently investing via Bencis Buyout Fund V, which closed on €425m in July 2016, exceeding its initial target of €410m.

The fund invests in mid-market companies based across the Benelux region and Germany, with operating profit of up to €50m. It targets the manufacturing, food, beverage, business and consumer services, healthcare, leisure, wholesale and retail sectors.

The fund has an investor base composed of pension funds, funds-of-funds, asset managers, insurance companies, family offices and high-net-worth individuals.

Bencis V acquired Dutch smart lock specialist Vecos in December 2019 and Netherlands-based employment agency EMC Group from Holland Capital in January 2020, in a deal valued in the €25-50m range.

On the exit side, the GP has recently launched the sale of Belgium-headquartered Shore, a producer of frozen shrimp with annual revenues of €80m, acquired in 2014. Bencis hired ABN Amro to run the process, according to press reports.

Bencis was founded in 1999 and is led by managing partners Zoran van Gessel and Benoît Graulich. The firm is headquartered in Amsterdam with additional offices in Brussels and Düsseldorf. It currently manages a portfolio of 21 companies with a combined turnover of approximately €1.6bn.