M80 buys Theuma

The GP is investing via M80 Capital I, which held a first close in November last year on €100m and targets a €200m close in 2019.

M80 provides equity tickets in the €10-40m range.  

Theuma is the firm's first investment in Belgium and the third investment by the vehicle; M80 has previously backed niche insurance broker Eurodommages and domain name registrar Gandi.net.

Theuma's former chairman, Eugeen Theunis, will retire.

Company
Founded in 1962 and based in Bekkevoort, Theuma specialises in wooden interior doors and wooden and steel frames, both standard sets and technical sets with fire resistant, acoustic and anti-burglary qualities.

With production sites in Belgium (Bekkevoort) and the Netherlands (Nijkerk), the business generates sales of €55m.

People
M80 – Peter Maenhout (CEO).

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