Mentha Capital buys drilling equipment maker Brownline

Financial details surrounding the transaction were not disclosed. However, Mentha targets majority acquisitions with a €5-20m equity ticket in companies with a €2.5-10m EBITDA.

According to a statement, the company aims to use the fresh capital to expand its business towards new countries and market segments.

The GP held a first and final close on €143m for its fifth buyout fund, Mentha Capital Fund V, in January 2017. The 10-year fund aims to invest in 8-10 SMEs located mainly in the Netherlands and Flanders region, unquote" understands.

To date, the fund has already acquired training and employment agency Aethon in March 2017 and delivery services Habé Middelencentra in April 2017.

Company
Brownline was established in 1998 and is based in Merkerk, near Utrecht. The company manufactures high-precision drilling equipment, mainly used within the infrastructure and telecommunications sectors. The business currently has a presence in the Netherlands and Belgium.

People
Mentha Capital – Gijs Botman (managing partner).
Brownline – Hans de Bruin (founder, CEO).

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• Topics
• Buyouts
• Benelux
• Industrials
• Netherlands
• Mentha Capital