Gimv sells stake in Dutch food distributor

Gimv first acquired De Groot in 2005, in a deal valued at €25-50m. Throughout the investment period, De Groot grew to be an international player in its sector with a diversified product range.

The return on the deal is confirmed to be slightly higher than Gimv's historic average, which is 12% net.

The exit was motivated by the de Groot family's ambition to become an independent enterprise.

Company
De Groot Fresh Group is an importer and distributor of fruit and vegetables. The company focuses on traditional trade and refrigerated transport, and has its own banana ripening facilities. The Hedel-based business employs 200 people and generated sales of close to €200m in 2010.

Before Gimv's initial investment, De Groot was fully owned by the de Groot family.

People
Ivo Vincente, head of Buyouts & Growth Netherlands, led the deal on behalf of Gimv.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Benelux
• Consumer
• Gimv