Steadfast buys Koop Group

It is the fifth platform investment from Steadfast Capital Fund IV, which held a final close on €297m at the start of the year.

Koop's management team, led by Ronny Konink, has acquired a minority stake in the transaction.

Steadfast said it will support the integration of the subsidiaries, as well as back the group's European expansion and strategic development.

Debt
Oldenburgische Landesbank supported the deal with acquisition financing and a working capital facility.

Previous funding
Rabo Private Equity bought an 80% stake in Koop in 2008, but sold it back to Frans Koop in 2016.

Company
Koop was established in 1969 in Schoonebeek, drilling water wells for Dutch farmers. It gradually shifted its remit to de-watering projects for agriculture and industry. Today the company specialises in tailor-made temporary de-watering, primarily for the construction sector and for gas pipelines.

The group comprises Koop Watermanagement Holding, headquartered in Gildehaus, and Ko-Mats Group, which has subsidiaries in both Germany and the Netherlands. It employs 140 people across six locations.

People
Steadfast Capital Partners – Marco Bernecker (managing partner).
Koop Group – Frans Koop (owner); Ronny Konink (CEO).

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