Newion exits Resato

Alongside Newion, Northern Netherlands-focused investment and development agency NOM also sold its stake. The two firms backed the buy-in management buyout (BIMBO) of Resato in 2009.

A third shareholder has also sold his stake in Resato to Verder: Michel Hooftman has exited the business, having built up Resato's waterjet sales division from when he started at the company in 1999.

Newion and NOM supported the BIMBO of Resato in July 2009, with Van Lanschot Bankiers providing a debt package for the deal. Newion invested via its Private Plus Fund.

Company
Founded in 1991 and headquartered in Roden, Resato develops and manufactures high-pressure systems and components, including waterjet machines, hose testing systems for the oil and gas industry and high-pressure custom-build machinery.

The company exports its products to more than 80 countries. According to NOM, Resato has grown by more than 50% over the last four years.

People
Rob Castien is the managing director of Resato. Jaap van Barneveld is a managing partner at Newion.

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• Exits
• Benelux
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