Egeria acquires consumer electronics business Trust

With Egeria on board, Trust intends to further develop its growth plans, focusing on its customers and speed of new product introductions.

Trust's board of directors will maintain its active role within the company.

Egeria held a first and final close on €800m for its vehicle Egeria Private Equity Fund V in December 2017, after six weeks on the road. The new fund continues Egeria's strategy of focusing on Dutch companies or companies with a link to the Netherlands, but will have more scope for cross-border build-up deals, according to a source close to the fundraise.

Company
Founded in 1983 and headquartered in Dordrecht, Trust is a brand for digital lifestyle accessories, which offers a range of products within its sub-brands Trust PC & Laptop, Trust Mobile, Trust Gaming and Trust Smart Home.

Its products are sold in specialist stores, retailers, electronics chains and online stores in around 50 countries. It posted an annual turnover of €130m last year and employs 220 people in branches in five countries.

People
Egeria Private Equity – Mark Wetzels (partner).
Trust Holding – Michel Hoekstra (CEO); Michel Perridon (founder).

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