Sofindev backs Mabo-Lifting

Sofindev is investing in the business via its Sofindev IV fund, which closed on €107m in 2016. Mabo-Lifting is the fund's seventh investment. The GP recently completed the vehicle's first divestment with the sale of House of Talents. 

Mabo-Lifting's managing directors remain significant shareholders after the entry of Sofindev, and will continue to run the business, according to a statement by the GP. 

Company
Founded in the 1980s, Mabo-Lifting is a distributor of forklifts specialised in space-saving and efficiency. The company is backed by manufacturers such as Moffett, Combilift and Innolift, with which it has long-term partnerships and exclusive import rights for Belgium. The company has facilities in both Lier and Zulte.

Mabo-Lifting generates €17m in sales and employs 40 people.

People
Mabo-Lifting – Maarten Mariën-Bouwen, Bram Mariën-Bouwen (managing directors).
Sofindev Private Equity – Jan Camerlynck (partner)

Advisers
Equity – KPMG (financial due diligence); Argo Law (legal).
Company – Cresco (legal).  

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• Buyouts
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• Belgium