Waterland takes majority stake in Scholt Energy Control

The Scholt family and founder Jan Scholt will retain a significant minority stake in the company. The current management team will remain in place.

According to website energeia.nl, Scholt is set to resign as company director when he reaches retirement age next year, and will become an adviser.

Waterland will look to expand Scholt's presence in Europe with potential bolt-on acquisitions.

Debt
Investec Corporate & Acquisition Finance, KBC and Rabobank have jointly provided vanilla senior secure debt facilities to support the transaction. 

The deal marks Investec's eighth financing transaction in the Benelux region, and is in line with its desire to increase its presence in the region.

Company
Scholt is an energy supplier to businesses in Belgium, the Netherlands and Germany. The group is a non-generating supplier, having no production costs for the power it supplies, instead buying it wholesale.

Scholt supplies gas and electricity, purchasing electricity from sustainable producers. It also provides monitoring, energy scans and energy storage through Scholt Energy Services. The group was founded in 2005 and is based in Valkenswaard, the Netherlands. It expects sales of €230m this year.

People
Investec – Alexandre Neiss (corporate and acquisition finance).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Benelux
• Industrials
• Benelux
• Netherlands
• Waterland Private Equity
• Investec