Active Capital Company picks up Lantor from IPT Group

José Rojo
30 April 2015

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Active Capital Company (AAC) has acquired a majority stake in Netherlands-based manufacturer Lantor from British IPT Group alongside management.

Information regarding AAC's investment remains confidential but the Amsterdam-based firm typically targets €1-4m deals to acquire controlling stakes in industrial goods and services companies with revenues in the €5-80m range.

The investment was carried out alongside Lantor's operations manager Martin den Ottolander, who will become a minority shareholder.

In addition, SGL Concept's Daan Koppen de Neve will become the company's new managing director and may also invest in Lantor in the future, according to AAC.

The GP drew equity from its Active Capital Company Fund 2. Launched in December 2013, the vehicle exceeded its initial €25m target when it held a final close at a little under €30m.

Aside from Lantor, the fund was used by AAC to secure a majority stake in Dutch machinery manufacturer Food Technology Noord-Oost Nederland (FTNON) in late 2013. That same year, the GP became a minority shareholder in Dutch oil and gas waste recycler BMT Mercury Technology alongside Belgian firm E-Capital.

AAC was first attracted by Lantor's position within the cable manufacturing and design sector, at a time when a variety of infrastructure projects are being considered worldwide. The company's expertise in the composites area was also judged strategic given the recent expansion within the wind energy market.

Under AAC's ownership, Lantor will use the fresh capital to reinforce its range of manufactured goods and expand across new markets. A particular focus will be placed on the research and development front.

Company
Founded in 1959, Lantor is an integrated manufacturing company working in the areas of web forming, finishing, converting and customisation.

Headquartered in Veenendaal, the Netherlands, the business employs a workforce of 180 professionals and is present in the construction, telecoms, energy and marine sectors. The company most recently reported an annual turnover of €40m.

People
ACC was represented by managing director Dick Zeldenthuis. Tony Shore is CEO at IPT Netherland.

Advisers
Vendor – Cooper Parry, Andy Parker (Corporate finance).