De Hoge Dennen buys Eszet Handelsgroep in MBO

Eszet general director Matin Dooijeweerd has retained a 38% stake, while De Hoge Dennen acquired 60%. The remaining 2% is owned by members of the management, according to the Dutch daily Het Financieele Dagblad.  

Dooijeweerd was actively looking for a new shareholder, which resulted in 15 concrete offers, from investors as well as from competitors, the Dutch daily reported.  

De Hoge Dennen typically invests in companies with turnover between €10-150m that operate in the information, communication, technology and biotechnology sectors and are based in the Netherlands.

Company
Founded in 1972 and based in Harderwijk, Eszet is a supplier of wires, cords and several types of cables, data products for telecommunications and telematics applications. It also produces lighting installations for parking garages, sports facilities and building facades. The business employs around 35 people.  

Eszet as an annual turnover of €20-25m, according to press reports. 

People
Eszet Handelsgroep – Martin Dooijeweerd (general director).
De Hoge Dennen Capital – Marcel van den Heuvel (director private equity). 

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• De Hoge Dennen Capital