H2's Jet Group Holding acquired by Egeria

H2 had bought Jet in June 2011 for an undisclosed amount. Under the GP's ownership, Jet grew its manufacturing capabilities across Germany and the Netherlands, and created a direct sales footprint spanning Denmark, Poland, Switzerland and the UK. Egeria plans to further develop Jet's European operations and accelerate its growth through a buy-and-build strategy.

Egeria closed its fourth fund on its hard-cap of €600m in December 2012, committing 10% of the capital itself. Egeria takes a generalist approach to investments, aiming to back two to three companies per year.

H2 recently completed the acquisition of Oerlemans Foods from Vion in mid-March as part of the Dutch food group's divestment strategy.

Company
Headquartered in Hüllhorst, near Bielefeld, Jet designs, installs and maintains modular solutions designed for flat roofs. This includes natural light sources, air ventilation, and smoke and heat exhaust ventilation. Founded in 1970, Jet now employs 400 staff members.

People
Gert Jan van der Hoeven and Age Hollander are the founders of H2 Equity Partners. Peter Visser is managing partner at Egeria.

Advisers
Equity – William Blair & Company (Corporate finance); Houthoff Buruma (Legal); Deloitte (Financial due diligence); KPMG (Tax).

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• Topics
• Exits
• Industrials
• DACH
• Buyouts
• Germany
• Netherlands
• H2 Equity Partners
• Secondary buyout