Gilde Buyout's Esdec bolts on EcoFaste,

Gilde bought Esdec in March this year from Holland Venture and Dolfin Capital. Financial details of the transaction remain undisclosed, though Gilde invests in companies with enterprise values of €75-500m, with typical investments being in the €100-250m range. It provides equity cheques of up to €160m per transaction.

Gilde is currently investing from its fifth fund, a €1.1bn vehicle that held its final close in November 2015.

Founded in 2004 and headquartered in Deventer, Esdec produces and installs mounting systems for solar panels. The company generated EBITDA of around €10m in 2017, according to Unquote sister publication Debtwire.

Company
Founded in 2008 and based in Phoenix, Arizona, EcoFasten designs and produces watertight solar roof mounts and components. It can operate with a range of roof types and serves the commercial, industrial, municipal government and residential sectors.

People
Esdec – Stijn Vos (CEO).
EcoFasten – Brian Stearns (founder).
Gilde Buy Out Partners – Maurits Boomsma (partner).

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• Topics
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