Netherlands-based Anders Invest has bought a 95% stake in air tunnel specialist De Waal Staal, with management retaining the remainder.
De Waal Staal is the 12th acquisition by Anders in three years. Anders used its industrials-dedicated fund for the transaction.
Founded in 2014, the GP current has €85m in assets under management. It provides equity tickets in the €500,000-10m range to Dutch small and medium-sized companies.
Anders partner Rutger de Vos expects De Waal to grow organically and possibly expand its international activities.
De Waal Staal, founded in 1973, supplies metal tunnels for air conditioning systems in 20 countries. The business generates a turnover in the €10-20m range, Unquote understands.
Anders Invest – Rutger de Vos (partner).
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater