Antea buys Uniekaas from Parcom

Antea acquired a stake of 25% in the deal, with management – specifically CEO Willem Jan Rote and Paul Wilde – buying a majority interest. The other shareholder in the business is co-founder Jan van Vliet.

The deal marks the eighth investment to be made through Antea's Antea Participaties VI fund, which closed in February 2011 on €21m. The fund is now almost fully invested.

Antea sourced the deal through its relationship with van Vliet. It plans on supporting the business' expansion into new geographical markets.

Previous investment
Parcom acquired Uniekaas in July 2007 in a management buy-in. The firm acquired its stake from the company's founding family shareholders, the van Vliets. Rote, the new CEO, and Wilde invested alongside Parcom.

At the time of Parcom's investment, Uniekaas generated around €150m in revenues.

Company
Founded in 1956 by the van Vliet family, Uniekaas is headquartered in Kaatsheuvel and currently employs 150 staff.

The company makes cheese products and currently owns three brands: Uniekaas, which makes Dutch Gouda; Parrano, an Italian-style cheese; and Tjiezi, the company's range for children.

The company expects to make around €100m in turnover this year. Around 50% of Uniekaas' revenues are generated abroad, predominantly in the US.

People
Robert De Boeck is a director at Antea. Willem-Jan Merckel is an investment manager at Parcom.

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• Topics
• Benelux
• Buyouts
• Consumer
• Netherlands
• Secondary buyout