Active Capital backs Lumat

Active Capital Company Fund 3 was the vehicle used for the transaction – the fund typically invests equity tickets of €1-4m in growth capital and smaller buyout situations involving Dutch companies with revenues of €10-80m, according to Unquote Data. 

Senior debt for the transaction was provided by ABN Amro.

The backing of Active Capital will help Lumat accelerate growth through product development and geographical expansion. The company will target acquisitions in Europe and North America.

Company
Founded in 1991 and based in Weesp, Lumat is a producer and supplier of high-tenacity yarn, polyester, polyamide, nylon, aramide and synthetic continuous filament yarn.

The synthetic yarns hold specific properties and are used in offshore, automotive and geotextile industries, as well as the packaging, strapping, rope and net industry. The company exports products to Europe, Africa and North America. Lumat posted sales of €70m and currently employs 20 people.

People
Lumat – Jeroen Drenth (management and shareholders director).
Active Capital Company – Mels Huige (partner).

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• Buyouts
• Benelux
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