Egeria backs Tuindeco Group MBO

The GP deployed capital from Egeria Private Equity Fund V, a €800m buyout fund that held a final close in 2017, according to Unquote Data. The vehicle provides equity tickets in the €50-350m range targeting Netherlands-based mid-market companies, or companies with a link to the Netherlands.

Tuindeco's management team has retained a minority stake in the company and will continue to lead the business. The acquisition is still subject to customary closing conditions and is expected to be finalised in the fourth quarter of 2019.

Egeria focuses on investments in medium-sized healthy companies with an enterprise value of €50-350m. Its portfolio of 14 companies has a combined turnover of €2bn and 10,000 employees.

Egeria will provide the company with the financial backing and operational support to continue to grow through further international expansion and acquisitions.

Company
Founded in 1993 and headquartered in Coevorden, Tuindeco started off as an importer of treated Polish wood. Over the years, the company developed into a producer, wholesaler and e-retailer of garden timber products such as log cabins, decking and garden fences. Tuindeco sells its products throughout Europe and has offices in Hong Kong, Indonesia, Estonia and Poland. It employs 75 staff.

People
Egeria Private Equity – Floris Waage (managing partner).
Tuindeco Group – Bert Weering (CEO, founder).

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