Gilde Equity Management acquires HC Groep
Gilde Equity Management has acquired Netherlands-based indoor climate technology business HC Groupe from its France-based parent company Airvance Group.
HC Groep's management has also invested in the business, acquiring a minority stake.
The GP is currently deploying equity from GEM Benelux IV, which held a final close in November 2017 on €300m. The fund invests in small-cap Benelux companies with an EV of €20-200m
Company
HC Groep produces indoor climate technology for use in climate ceilings, air handling systems, climate controls and car park ventilation for offices and public buildings. Based in Waalwijk, the company also has operations in the UK and Germany. It has 250 employees, according to its website.
People
Gilde Buy Out Partners – Eschwin Hetzenauer (partner).
HC Groep – Ron van Kan (CEO).
Advisers
Equity – Simmons & Simmons (legal), EY (financial due diligence); JSA (tax).
Vendor – Canaccord (corporate finance); DLA Piper (legal); PwC (financial due diligence).
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