Geveke Werktuigbouw (Netherlands) - Jan 2008

unquote
01 January 2008

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ABN Amro Participaties has acquired Halder’s 55% stake in Geveke, a Dutch industrial service provider, through a KPMG-led auction. ABN Amro provided the debt for the transaction. The management may increase its stake to 45%.

Exit deal

Halder has sold its 55% stake in Geveke that it acquired in January 2005 through a Holland Corporate Finance-led auction. Halder’s investment manager, Sander van Vreumingen, said that the fund has made good returns while owning the company.

Company

Based in Amsterdam, Geveke Werktuigbouw is an industrial service provider. The company’s activities consist of advising on, delivering, starting up and maintaining a wide range of technical products. It is a service oriented supplier of knowledge intensive process equipment for the worldwide oil & gas exploration and production industry and the Benelux chemical, petrochemical and all other industrial markets. The company delivers systems through several business units: pumps, compressed air technology, climate technology, plastic machinery and internal transport. In these areas the company purchases its products from specialised and internationally renowned producers and disposes of its own service organisation. In 2007 the company realised a turnover of about E70m. The company plans to further expand its activities in Belgium and Asia.

People

Sander van Vreumingen worked on the transaction for Halder. Bert Mol led the transaction for ABN Amro Participaties.

Advisers

Management - Banning Advocaten, (Legal)Management - Bluemind Corporate Finance, (Corporate Finance)Purchaser - KPMG's Private Equity Group (Copenhagen), (Financial Due Diligence)Purchaser - Loyens & Loeff, (Legal)

Sourced from: Benelux unquote" 56 (Jan 2008)