Torqx buys party products retailer Folat

Folat is the fourth investment from the GP's debut fund, a €150m vehicle that aims to make 10-12 investments in total. Debt for the transaction was arranged by Rabobank.

The new partnership will enable Folat to develop in new markets, such as a B2C e-commerce platform, according to a company statement.

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

Company
Folat is a party goods and accessories manufacturer. It was founded in 1993 by Alex Adrichem and Marc Mulckhuyse and is headquartered in Haarlem. It also has offices in Belium and Germany, and a large warehouse in Velsen, the Netherlands.

Folat offers a broad range of party products, incorporating a variety of themes and licences. It employs 75 people.

People
Torqx Capital Partners – Peter Kroeze (managing partner).
Folat Group – Alex Adrichem, Marc Mulckhuyse (founders).

Advisers
Equity – Osborne Clarke (legal); JSA (tax); Sincerius (financial due diligence).

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• Topics
• Buyouts
• Benelux
• Consumer
• Netherlands