Torqx Capital buys Descroes

The vendor is CEO Maxim Van Hoorebeeck, who will continue to be a significant minority shareholder in the company.

Torqx intends to boost the company's growth both organically and via additional acquisitions, and bolster its expansion in adjacent segments and new geographies.

The GP drew capital from its debut vehicle, Torqx Capital Partners Fund I, which held a final close on €150m in September 2017. The fund invests €5-20m in mid-sized companies based across the Benelux region, operating in a wide range of industries, including manufacturing, logistics and business services.

The fund's portfolio includes food preparation equipment manufacturer Fri-Jado; party goods and accessories maker Folat; Diamond Tools, a manufacturer of diamond cutting and printing tools; and Sonic Equipment, a producer of professional tools for the automotive industry.

Company
Established in 1940 and headquartered in Antwerp, Descroes is a provider of fumigation, gas-free measurement and pest control for freighter ships and cargo containers. It also offers special services such as crime scene cleaning, and sanitisation of flats, houses, buildings and offices.

People
Torqx Capital Partners – Cedric De Dycker (partner); Laurent Blumberg (investment director).
Descroes – Maxim Van Hoorebeeck (CEO).

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