Vendis Capital takes minority stake in Legio Group

Legio marks the fourth investment made with Vendis Capital II, which was launched in 2015. It is also the 13th transaction completed since the firm's inception in 2009, and pursues the GP's consumer-brand-focused investment strategy. 

Vendis said it had taken a "substantial minority shareholding" in Legio, without providing further detail. It will support the group's development under the leadership of CEO Jan Ollevier, and envisions a potential international rollout in the future. Ollevier will remain on board as majority shareholder in the company.

Legio Group is the parent company behind retail brands X²O, Overstock Garden and Overstock Home.

Company
Legio Group was set up in 2004 by Jan Ollevier, currently the group's CEO, and has its head office in Oostkamp, West Flanders. The group is the umbrella company behind retail brands X²O, Overstock Garden and Overstock Home.

X²O specialises in bathroom furniture and fittings, has 18 branches in Belgium and recently entered the Dutch market where it now has three shops. Overstock Garden sells garden furniture and related products. Finally, Overstock Home focuses on interior furnishing, and has 13 Belgian branches.

The overall group reached a turnover in excess of €100m for the year ending September 2016. 

People
Vendis Capital – Michiel Deturck (partner).
Legio Group – Jan Ollevier (founder).

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• Topics
• Buyouts
• Benelux
• Consumer
• Benelux
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• Vendis Capital