Advent picks up Gilde’s Ammeraal Beltech

Ammeraal Beltech is part of Gamma Holdings, which is jointly owned by Gilde and Parcom.

Earlier this month, the buyout duo sold off mattress producer Bekaert Textiles – another Gamma division – to German family office Haniel.

Following the deal, Advent will support the company's growth in China and South America.

Previous funding
Gilde first invested in Gamma in June 2010, when the buyout house acquired a stake in the technical textile manufacturer from ASR Nederland, Delta Lloyd Asset Management and Allianz Nederland Levensverzekering in a €27.2m PIPE deal.

Six months later, Gilde teamed up with Parcom to take Gamma Holdings private. The latter already held a 26% stake in the industrial conglomerate. The €429m  transaction valued the business's equity at €218m.

Company
Established in 1950 and headquartered in the Netherlands, Ammeraal Beltech provides conveyor belts for use in the food processing, automotive, logistics and textile secotrs. The company operates nine production facilities and 80 service centres. It counts 25,000 customers in 150 countries.

In 2014, Ammeraal Beltech generated turnover of €325m.

People
Jan Janshen is managing partner at Advent. Michael Vogel is CEO of Ammeraal Beltech. Jan Albers is CEO of Gamma holding.

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• Topics
• Benelux
• Buyouts
• Exits
• Advent International
• Netherlands
• Gilde Buy Out Partners
• Secondary buyout