H2-backed Smartwares acquires Norbain Benelux

The acquisition follows the purchase of Hanesbrands Europe in June 2012 as part of Smartwaves' buy-and-build strategy. 

Besides H2 Equity Partners, shareholders in Smartwares include ABN Amro Participations, NPM Capital and management.

H2 acquired Smartwaves in 2001. Following its buy-and-build strategy, it has made 21 add-on acquisitions so far. Smartwaves has an annual turnover of more than €425m.

Company
Norbain Benelux is a Dutch distributor of security products, including IP cameras, intruder detection, fire detection and access control devices. Headquarterd in Breda, the company generates annual sales of around €30m. With a second office in Wilrijk, Belgium, Norbain employs 50 people overall.

People
Gert Jan van der Hoeven worked on the deal for H2.

Advisers
Equity - Houthoff Buruma (Legal); KPMG (Financial due diligence).

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• Topics
• Benelux
• Consumer
• Portfolio management
• H2 Equity Partners
• KPMG