NPM buys 25% of FibreMax

The new capital will be used to establish an international sales organisation to market the company's specialist synthetic fibre cables to the mining, offshore and heavy transportation industries.

NPM typically invests €20-200m in mid-cap companies that have an enterprise value of €50-500m and operate in the Benelux region. Previous investments by NPM include TIC company Kiwa and Shield Group, both of which were acquired by the GP in a secondary buyout from ABN Amre Participaties in 2011. The firm also recently sold Dutch speciality retailer bol.com to Ahold for €350m.

Company
FibreMax was founded in 2008 and is headquartered in Joure. The company manufactures cables made from synthetic fibres or carbon using "endless winding" technology, in which fibres are wound hundreds of times until the desired break strength is reached.

According to FibreMax, this process produces lighter, stronger and more durable cables than steel and allows for greater precision when meeting specifications. The company is able to make cables of up to 5,000 metres in length.

People
Rinze van der Schuit is the founder and CEO of FibreMax. Henk Scheffers is the chairman of NPM, while Jan Willem Baud is the firm's CEO. Paul Bisseling, an associate at NPM, led the deal for the firm.

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• Topics
• Expansion
• Benelux
• Industrials
• NPM Capital
• Netherlands