Egeria exits WC furnisher Vendor to trade

Egeria acquired a majority stake in Vendor in 2000 via its €360m second fund, Egeria Private Equity Fund II. Subsequently, the company was included in the Egeria Evergreen Private Equity Fund's portfolio in 2006.

Under the GP's ownership, Vendor increased its annual revenues and grew from a local manufacturer and distributor of sanitary and hygiene products into an international group with a presence in several countries across Europe.

CWS expects to strengthen its position in the Benelux market with this acquisition and plans to gradually integrate Vendor into its group, combining services, logistics and products. CWS is based in Germany, specialises in providing services in the hygiene, floor care and fire safety sector, and operates in 18 countries worldwide, employing 8,000 people.

Company
Founded in 1961, Vendor is a manufacturer and supplier of washroom hygiene products, including hand dryers, soap dispensers, toilet cleaners, air fresheners and waste bins. The company is headquartered in Tilburg, the Netherlands, with additional branches in Belgium, Germany and Switzerland. It employs 195 staff and generated revenues of around €40m in 2018. 

People
Egeria – Egbert Prenger  (partner).
CWS Group – Jürgen Höfling (CEO).
Vendor – Sabine Thuysbaert (CEO).

Advisers
Vendor – Lincoln International (corporate finance).
Acquirer – ABN Amro (corporate finance).

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• Topics
• Exits
• Benelux
• Consumer
• Egeria
• Netherlands
• Lincoln International