OxGreenfield backs Bavak Beveiligingsgroep

Francesca Veronesi
15 January 2020

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Private equity firm OxGreenfield has acquired a stake in Netherlands-based Bavak Beveiligingsgroep, a high-tech security company, investing alongside CEO Jasper Weijman.

The GP bought a majority stake in the business via its maiden fund OxGreenfield Fund I, which should be closing on €35m in the next few weeks, Unquote understands.

The teams of investment companies Ox and Greenfield merged into one GP, OxGreenfield, in Q1 2018. The Amsterdam-based firm backs Dutch companies generating less than €50m in revenues and posting EBITDA of €1-5m.

OxGreenfield's first deal was the investment in the Dutch company Exakt Fijnmechanika.

Company
Founded in 1974 and based in Noordwijk, Bavak is a high-tech security company, providing specialised intrusion detection systems. It supplies electronic, cybersecurity and physical security products and services.

Its clients include government agencies and multinationals based in the Netherlands and abroad. The business generates sales of €20m and employs 60 people.

People
Bavak Beveiligingsgroep – Jasper Weijman (CEO).
OxGreenfield – Hank Schraven (partner).

The GP bought a majority stake in the business via its maiden fund OxGreenfield Fund I, which should be closing on €35m in the next few weeks, Unquote understands.