Vendis acquires Dutch company Ecostyle

The GP is acquiring the company from the Zwart family, which had owned the company for three generations. Current CEO and founding-family member Jeanine De Vries-Zwart will retain a minority stake and move to a supervisory board role, while Martine Olijslagers-Kuip will join as the new CEO.

The deal is Vendis's third investment from Vendis Capital III, which held a first and final close on €300m in July 2019. The vehicle invests in consumer businesses in the Benelux, DACH and Nordic regions, and in France. It deploys equity tickets of €15-40m, and makes both growth capital and buyout deals.

Olijslagers-Kuip said in a statement that the company had been in talks with the GP for the past few months and was "confident to have found the right new owner" for Ecostyle.

The GP will support the next phase of Ecostyle's development while embracing and strengthening its ecofriendly credentials.

Company
Founded in 1967 and based in Oosterwolde, Ecostyle is a producer of sustainable products for garden care, animal care and livestock.

It is present in the Netherlands, Belgium, Denmark and Austria, where it partners with key garden centres and DIY retailers. The company has fewer than 50 employees, according to LinkedIn. 

People
Ecostyle – Martine Olijslagers-Kuip (CEO).
Vendis Capital – Vincent Braams (partner).

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• Topics
• Buyouts
• Benelux
• Consumer
• Vendis Capital
• Netherlands