Bain backs Bugaboo
Bain Capital has acquired a stake in Dutch prams and luggage manufacturer Bugaboo.
Unquote sister publication Mergermarket had reported the company's EBITDA amounted to €14m in 2017.
Bain is investing via its Bain Capital Europe IV vehicle, which closed on its €3.5bn hard-cap in October 2014.
Bain's last investment in the Benelux region was the acquisition of the Belgian kitchen manufacturer Ideal Standard in 2007. The deal was valued at $1.75bn, with Credit Suisse and Bank of America providing a $1.55bn debt package to support the acquisition.
Company
Founded in 1999 and headquartered in Amsterdam, Bugaboo is a children's trolley and stroller maker. Its products are available in 50 countries.
Bugaboo employs around 1,200 people, working in facilities in the Netherlands, the UK, Germany, Sweden, Italy, Spain, the US, France, Australia, South Korea, Japan and China, in Shanghai and an assembly plant in Xiamen.
People
Bugaboo – Madeleen Klaasen (member of management board); Max Barenbrug (CEO, co-founder); Eduard Zanen (founder).
Bain Capital Private Equity – Nigel Walder (managing director).
Advisers
Equity – PwC (financial due diligence).
Company – Rabobank NV (commercial due diligence).
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