Gilde Equity Management acquires Eiffel

Major stakeholders, including founder Ferdi van Dommelen, have exited the investment as a result of the transaction.

Gilde Equity Management typically invests between €15-150m per transaction, teaming up with a target's management. The GP is currently investing from the vehicle GEM Benelux IV, closed on €300m last year. The fund backs businesses with an enterprise value of between €20m-200m.

Lincoln International advised the vendors on the sale and marketed the asset based on an EBITDA of €7m, according to Unquote sister publication Mergermarket.

Gilde is not unfamiliar with the sector – it backed Conclusion in 2013, a business, application, data integration and infrastructure service. The GP exited three years later in an SBO that saw NPM Capital take over.

Company
Founded in 1992, Eiffel specialises in consulting, interim and contracting services for legal and finance departments. With headquarters in Arnhem, the firm employs 600 consultants and professionals. Eiffel services 350 customer organisations and its clients belong both to the private and public sector. The company disclosed it recently generated revenues of around €50m, while net profit is around €3.6m.

People
Eiffel – Monique Noomen-Greve (managing director); Ferdi van Dommelen (founder).

Advisers
Equity – Simmons & Simmons (legal).
Vendor – Lincoln International (corporate finance); CorporateWise (legal); JSA Tax (tax); PwC (financial due diligence).

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• Topics
• Buyouts
• Benelux
• Industrials
• Netherlands
• Gilde Equity Management Benelux