
NPM acquires stake in Ploeger Oxbo
NPM Capital has acquired a 40% stake in Netherlands-based harvesting systems manufacturer and developer Ploeger Oxbo Group.
NPM is acquiring the stake from Ploeger Oxbo. Existing shareholders of the company are three Dutch investment companies Synergia Capital Partners, VDL Participatie and Bolster Investment Partners, all of which remain invested in the company.
The new funding is intended to bolster innovation and product development to further strengthen Ploeger Oxbo's position in its worldwide niche markets.
Company
Headquartered in Roosendaal, Ploeger Oxbo is a harvesting systems manufacturer and developer with roots going back to the 1950s. The group was formed in 2011 in a merger between Netherlands-based Ploeger and US-based Oxbo.
It manufactures harvesters for corn, beans and peas, and over the years has expanded its product range to equipment for crops like potatoes, berries, coffee, olives and grapes. It also makes self-propelled windrow mergers, sprayers and fertiliser applicators. Oxbo operates in 40 countries on all continents.
People
NPM Capital – Rutger Ruigrok (managing partner).
Ploeger Oxbo Group – Gary Stich, Niels Havermans (board members).
Advisers
Equity – Rabobank (financial due diligence); Vondel Finance (financial due diligence); Nauta Dutilh (legal).
Company – Nielen Schuman (financial due diligence); DLA Piper (legal).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater