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).
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