
Silverfleet buys Staxs
Pan-European private equity firm SIlverfleet Capital has acquired Dutch contamination control business Staxs from its lower-mid-market fund.
The GP held a first close on €110m for its lower-mid-market offering Silverfleet European Development Fund, against a €250m target in August 2018. It is understood that Staxs is the first investment to be drawn from the fund.
Silverfleet said it will support Staxs' growth by expanding its product range, customer base and geographic reach. It will also expand its Heerenveen premises to increase capacity.
The GP is currently deploying capital from both the lower-mid-market fund and the flagship buyout fund Silverfleet Capital Partners II, which closed on €870m in 2014 and is currently around 60% deployed across eight investments.
Company
Staxs is headquartered in Heerenveen in the Netherlands and was founded in 1995. It distributes cleanroom products such as disinfectants, detergants, wipes and clothing, as well as offering laundry services for professionals working in cleanrooms. Most of its customers are in the life sciences industry. It employs 80 people.
People
Silverfleet Capital – Alex Brebbia (partner); Erik Fuchs (partner); Peter Kisenyi (investment executive).
Staxs – Johan-Detlef Dubbelboer (CEO).
Advisers
Equity – Deloitte (financial due diligence); CIL (commercial due diligence); Stek (legal); AJ Gallagher (insurance due diligence).
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