Synergia takes majority stake in Van Wamel

Synergia Capital Partners acted as main investor in this transaction, while Dutch entrepreneurs Kees, Max and Fred Liet, the founders of industrial group Trioliet, invested alongside the GP. Van Wamel's management team also took a stake in the company. 

Van Wamel's current CEO, Freek van Wamel, will step down from his position but will remain a member of the company's board. His successor is yet to be appointed. With Synergia's support, Van Wamel will first focus on organic growth and will later look at potential bolt-on opportunities.

Veenendaal-based Synergia has raised three funds to date – Synergia Capital Funds I, II and III. The latest vehicle was closed in 2008 with €60m in commitments. Synergia invests in mid-sized Dutch businesses valued between €10-100m, with equity tickets of €2.5-25m.  Synergia recently sold its 40% stake in snacks maker Boboli to Gilde Equity Management.

Company
Founded in 1947, Van Wamel designs and manufactures machines for agricultural use under the Perfect brand. These include rotary mowers, flail choppers, brush sweepers for use in orchards and vineyards, and grading machines for the cultivation of fruits and vegetables.

The company has a factory based in Beneden-Leeuwen, and employs 80 people. It had an annual turnover of €10m in 2016.

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• Topics
• Buyouts
• Benelux
• Industrials
• Benelux
• Netherlands
• Gilde Equity Management Benelux
• Synergia Capital Partners