Active Capital buys Delta Coastal Services
Dutch private equity firm Active Capital Company has acquired a majority stake in dredging and coastal reinforcement specialist Delta Coastal Services.
The management team – led by founder and managing director Pieter Janssen – and some minority shareholders, including investment company Kratos, will reinvest in the business and retain a minority stake.
The GP deployed capital from Active Capital Company Fund IV, which closed on €85m in September 2019.
The vehicle invests in companies headquartered in the Netherlands or Germany with revenues of €10-100m, operating in the manufacturing, technology, and business services sectors. It deploys equity tickets in the €2-10m range.
This is the second investment made by the fund, following its acquisition of Technobis, a Dutch producer of crystallisation systems for drug development, bought in September 2019.
Active Capital intends to support Delta Coastal by consolidating its market position, bolstering its organic growth and boosting its geographical expansion. With the GP's support, the company might also target additional acquisitions in the coming months in complementary sectors across Europe.
Company
Established in 2015 and headquartered in Vlissingen, Delta Coastal specialises in dredging, coastal reinforcement and earthmoving. It also offers support services for the construction, installation and maintenance of offshore wind farms.
The company employs 24 staff and generates annual revenues of around €7m.
People
Active Capital Company – Maarten Res (investment director).
Delta Coastal Services – Pieter Janssen (founder, managing director).
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