Gilde acquires Sovitec from Value Enhancement Partners

VEP first invested in Sovitec in May 2009.

Before that, Gimv, IKB and SG Capital Partners jointly invested in the business in September 2004.

Belfius Bank arranged the senior debt facilities for the deal.

Company
Sovitec manufactures glass microbeads, used for building materials. The comany is based in Fleurus, Belgium and recorded sales of €42m in 2011. 

People
Remko Jager, managing partner, and Charles Kotting, investment director, led the deal for Gilde.

Advisers
Equity - Allen & Overy (Legal); PwC (Corporate finance).
Vendor -  NautaDutilh (Legal); Deloitte (Corporate finance).

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• Topics
• Benelux
• Buyouts
• Industrials
• Gilde Investment Management