AAC Capital Partners acquires Verasol

AAC is investing alongside Verasol's management team, led by CEO Cor den Hartogh.

The GP is currently drawing from AAC Benelux Fund III, which seeks to invest €10-20m in companies operating across the Benelux region.

Verasol claims to have doubled its turnover with the backing of Committed Capital, which acquired the group in 2009. Changes implemented by the GP included the expansion of the company's product range, as well as the opening of a new production facility in Germany.

The company's founder and his team were also replaced, and the distribution network extended to Germany, Belgium and France.

With AAC, Verasol will look to continue its roll-out strategy through existing as well as new locations, such as the UK.

Previous funding
Committed Capital invested in Verasol in 2009, drawing equity from its first vehicle.

Company 
Founded in 2001, Verasol is a manufacturer of residential verandas, garden rooms and carports in the Netherlands and Germany. The company claims to be producing 6,500 garden room units per year. It sells its products in France, Germany, the Netherlands and Belgium. Other produced items include window frames, glass sliding systems, carports and various accessories.

Headquartered in Helmond, the Netherlands, Verasol has a complementary production facility in Wachtendonk, Germany. The company generates €25m in sales and employs around 110 staff.

People
Verasol – Cor den Hartogh (CEO).
AAC Capital –Marc Staal (chair).
Committed Capital – Albert van der Wal (partner).

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