LLCP acquires metrology specialist NMI

The GP backed the company via Levine Leichtman Capital Partners Europe II, which held a final close on €463m earlier this month. The fund follows a differentiated structured private equity investment strategy, combining debt and equity capital investments. It invests across various sectors, including business services, franchising, healthcare, education and engineering.

This is the third deal made by LLCP Europe II, following its acquisition of Belgium-based online training specialist SIPM in May 2020 and the purchase of Dutch food testing company Triskelion.

The latter was also acquired by the GP from FDI this month. FDI is a joint venture between TNO, a Netherlands organisation for applied scientific research, and First Dutch, an investment company owned by entrepreneur Peter Goedvolk that focuses on impact investing and sustainability.

LLCP is a mid-market private equity firm headquartered in Los Angeles that specialises in highly flexible investments to meet the needs of management teams who require long-term capital, but wish to minimise equity dilution.

The firm has been investing in Europe since the opening of its London office in 2011, expanding its presence with the addition of offices in The Hague in 2015 and Stockholm in 2019.

LLCP currently manages assets worth around $7bn – including its most recent flagship fund, Levine Leichtman Capital Partners VI, which closed on $2.5bn in December 2018, surpassing its $2.2bn target.

Company
Established in 1989 and headquartered in Delft, NMI specialises in testing, certification and training in the field of legal metrology.

The company provides inspection, verification and consultancy for complex regulations, certifications and accreditations across Europe, primarily in the oil and gas, energy, industrial, construction, mobility and transport sectors. 

People
Levine Leichtman Capital Partners – Wouter Snoeijers (managing director).
NMI Certin – Erik van de Graaf (managing director).

Advisers
Equity – KPMG (commercial & financial due diligence, tax); NautaDutilh (legal); CFI (M&A).
Vendor – PwC (M&A); Allen & Overy (legal); CorporateWise (legal).

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