Mentha Capital exits Fri-Jado in SBO

Mentha acquired its stake in the business in 2014 using its MCF IV vehicle.

The fund targeted the lower end of the mid-cap buyout market, typically providing equity investments of €5-15m in companies with enterprise values of €15-75m, revenues of €25-75m and EBITDA of €2-10m.

Torqx span out from H2 Equity Partners in 2015, where the team was responsible for H2's Benelux investments.

Torqx Capital Partners Fund I was launched in 2017, with a target size of €150m, according to unquote" data. The fund seeks to make 10-12 investments in medium-sized companies in the Benelux region.

Previous funding
Fri-Jado was acquired by Mentha in November 2014 in a carve-out from TBI Techniek, a Dutch holding company for technical services and construction businesses. At the time of the carve-out, Fri-Jado's turnover stood at €100m.

Mentha confirmed it was the only stakeholder in the company alongside management during its ownership.

Company
Founded in 1937, Fri-Jado Euro Products is a manufacturer of equipment designed for use in the preparation, storage and merchandising of hot and cold food products. Products include commercial rotisseries, bakery ovens and combi-steamers. It is a supplier to 15 food retailers.

The company is headquartered in Etten-Leur with sales offices in the UK and the US, as well as a global distribution network of 70 partners.

People
Fri-Jado – Laurens Engbers (CEO).
Mentha Capital – Gijs Botman (managing partner).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Benelux
• Industrials
• Buyouts
• Netherlands
• Mentha Capital
• Secondary buyout