Private equity firm circling Hes Beheer

According to Dutch daily De Telegraaf, US firm Riverstone Holdings is believed to be the private equity house currently in talks with Hes Beheer. Riverstone was not yet available for comment or confirmation.

Hes Beheer declined to comment on the identity of the interested private equity firm at this time.

Hes Beheer is currently listed on the Amsterdam Stock Exchange, on which it floated in January 1982. At the time of writing, the Netherlands-based company had a market cap of €426.7m.

Founded in 1908, Hes Beheer is headquartered in Rozenburg and employs approximately 290 staff. The group recorded turnover of €87.5m in 2012, as well as an EBITDA of €27.9m.

Hes Beheer acts as a holding company for several businesses operating in the logistical services for ports industry. The group's core activities are stevedoring and inland shipping, the former of which involves loading and unloading of dry and liquid bulk products into and from sea vessels, trains, trucks and large-scale storage.

According to Hes Beheer, the group's companies handle 60-70 million tonnes of product - predominantly bulk raw material for the energy, steel and aluminium and food industries - per year.

While Hes Beheer's activities are focused mainly on the Netherlands, the company is also active in the UK. Harmen Sliep is the company's CEO.

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