Vendis Capital invests in Fatboy

As part of the current transaction, Vendis will team up with Fatboy's management team led by Richard den Hollands, newly appointed as CEO, to continue the group's development. Hollands previously held roles in other consumer businesses such as United Biscuits and Pepsico & Tristar.

Alex Bergman, who previously led the group, will continue to supervise its development.

The GP kickstarted the fund's deployment in January last year, as it acquired a majority stake in fashion brand Petrol Industries. Other investments include Ferm Living, Legio Groupe and Noppies, all completed in 2016.

Vendis held a final close for its second buyout fund on its €180m hard-cap in May last year. The vehicle targets mid-market consumer groups with sales in the region of €10-120m, and investment tickets usually ranging between €5-40m.

Vendis has historically focused its investments in Belgium, the Netherlands and France, but had said it would make a push towards Germany and the Nordic region this time around.

Company
Founded in 2002 by Alex Bergman, Fatboy is a design brand developing a range of furniture and objects. The group first started out with its "Original" bean bag and has since developed into new areas, now designing lighting items and a range of objects and furniture for indoor and outdoor use. It recently launched its sub-brand Lamzac.

Headquartered in Den Bosch, the Netherlands, Fatboy employs 90 people and trades in Germany, France, the Benelux region, Scandinavia and the US.

People
Vendis Capital – Vincent Braams (partner).
Fatboy – Alex Bergman (CEO/founder).

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• Topics
• Buyouts
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• Vendis Capital