Value Enhancement Partners buys Frimex in SBO

The company was acquired by Mentha Capital in 2014 in a carve-out from TBI. 

Mentha held a final close for Mentha Capital IV on €107m in 2015. The fund typically provides equity investments of €5-15m in companies with enterprise values of €15-75m, revenues of €25-75m and EBITDA of €2-10m. 

Value Enhancement Partners typically provides equity tickets in the €5-30m range, in businesses with sales of €25-300m.  

Company
Frimex designs and installs systems related to cooling, electrical and climate technology, serving retailers and hospitality businesses. In a statement it claims to supply major Dutch retailers. Headquartered in Moordrecht, Frimex employs around 300 people.

People
Frimex - Admar van Meer (CEO).
Mentha Capital - Gijs Botman (partner).
Value Enhancement Partners - Sergio Campisi (partner).

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• Topics
• Buyouts
• Benelux
• Exits
• Industrials
• Netherlands
• Mentha Capital
• Secondary buyout