Nordic Capital sells Brink to H2

The sale comes less than a year after Brink was spun out of Thule Group, the sport and cargo carrier company Nordic Capital listed a few months later in a SEK 7bn IPO.

H2's 2010-vintage €300m Fund IV will take over the entire stake held by Nordic Capital's Fund VI and VII in the transaction, which is subject to regulatory approval.

Nordic Capital's exit brings the GP's 2005-vintage Fund VI closer to realisation. The remaining assets in the vehicle include CPS Color Group and healthcare provider Capio, which is scheduled for a Stockholm IPO on 30 June.

Additionally, the fund also retains a 33% stake in Menigo and 44.3% of the shares in Thule Group.

Previous funding
Brink Group was acquired by Nordic Capital as part of the GP's €1.3bn secondary buyout of Swedish automobile accessories business Thule Group in 2007.

Company
Brink Group is a Dutch manufacturer of towbars which was spun out of Thule Group in 2014, having been acquired by the Swedish parent in 2006.

Headquartered in Staphorst, the company's history goes back more than a century and today the company employs 600 people across seven countries, including production facilities in the Netherlands, the UK, France and South Africa.

People
Nordic Capital partner and Brink board member Hans Eckerström represented the exiting GP. Harmen Geerts is a partner at H2 Equity Partners. Gerrit de Graaf is the CEO of Brink.

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• Topics
• Exits
• Buyouts
• Consumer
• Benelux
• Netherlands
• H2 Equity Partners
• Nordic Capital
• Unq2015July