26 February 2019
Schelde Exotech and Verolme® Special Equipment Join Forces
With the acquisition of all shares in Exotech Beheer, Schelde Exotech BV (Exotech), of Vlissingen (Netherlands) becomes a 100% subsidiary of Pressure Thermal Dynamics BV (PTD), the holding of Verolme® Special Equipment (Verolme) of Moerdijk (Netherlands) en Logan Industries, Hempstead (Texas, USA)
Both Exotech and Verolme are leading manufacturers of high-end Heat Exchangers, Vessels and Reactors for high temperature, high pressure and high corrosion environments. Exotech is a strong and reputable player in the petro-chemical and nuclear industries and Verolme is a market leader in the Marine Scrubber and Poly-Silica markets.
The combined expertise and production capacity in the manufacturing of high-end equipment for demanding industries and customers will render significant advantages for Exotech’s and Verolme’s customers.
Juul IJzermans, Verolme and PTD’s CEO adds: “Exotech joining our group means we significantly increase our in-house knowledge and production capabilities that will help us fulfil our strategic growth ambitions. Both Exotech and Verolme will continue to serve their respective customers at the highest possible quality levels. I look forward to working closely with Jos Mols, Willem Konings and their team.
Additional Company and Contact Information
Exotech is a highly qualified and reliable manufacturer of industrial equipment. In accordance with strict quality standards, the design, manufacturing, testing and servicing of sophisticated products that match the exact requirements and specifications of clients is done in -house, including so called “clean room” production. Exotech has extensive experience in working with zirconium, titanium and nickel alloys.
About Verolme® Special Equipment
Verolme Special Equipment is a manufacturer of advanced and high quality Marine Scrubbers, Pressure Vessels and Heat Exchangers for high temperature, high pressure and high corrosion environments. Its customers are global players in the Oil & Gas, (petro)Chemical en Poly Silica industries. Verolme is also known for its capabilities to process zirconium, titanium en nickel alloys and is the global specialist 800H materials.
About Pressure Thermal Dynamics
Pressure Thermal Dynamics is the holding company of Verolme Special Equipment and Logan Industries to which it provides several management services. PTD is wholly owned by Bencis Capital Partners.
30 November 2018
HALEX acquires Forte Wärmebehandlung
HALEX Holding GmbH acquires all shares in Forte Wärmebehandlung GmbH, based in Stollberg (Erzgebirge). The seller is Forte Heat Treatments Limited.
Forte Wärmebehandlung GmbH specialized in the heat and surface treatment of metallic materials with state-of-the-art automated production lines. Forte’s quality standards are geared, among
other areas, to the automotive supply industry. With 15 years of experience and around 70 employees, the company generates an annual turnover of more than eight million euros and has
established itself stably in the heat treatment market.
“Forte is an excellent addition to our group of companies,” explains Sven Killmer, Managing Director of HALEX Holding GmbH. “Above all, we are pleased that the experienced management
stays as the leadership team. Incorporated into our HALEX holding structure, they can continue on the road to success in recent years and, together with our support, invest more in employees,
production capacities and new technologies. We warmly welcome Forte to the HALEX family. ”
Dietmar Feiler, Managing Director of Forte Wärmebehandlung GmbH, adds: “HALEX Holding offers our company a clear added value in many areas. In addition to the many advantages of a
medium-sized group of companies, HALEX has convinced us in particular through its mediumsized corporate culture and decentralized management strategy. In concrete terms, this means
that we will be supported on a demand-driven basis in future, but at the same time, we can continue to make decisions for our local market ourselves. ”
The HALEX GROUP was founded in 1990 and is a successful German corporate group with two business divisions. The Aldenhoven-based company is one of the leading manufacturers of aluminum extrusion tools and service providers for metal finishing by heat treatment and hardening techniques in Europe. HALEX now has around 460 employees and 12 locations in Germany,
Italy, the Netherlands and Romania.
In the transaction, ARQIS Rechtsanwälte acted as legal advisor to HALEX Holding, PwC acted as financial and tax consultant. In addition, the ERM Group took over the advice on the environment, health and safety.
14 August 2018
Fit For Free / SportCity vindt nieuwe kapitaalkrachtige partner in Bencis
Fit For Free / SportCity heeft in Bencis een kapitaalkrachtige partner gevonden die, samen met de oprichters en een aantal bestaande aandeelhouders, de huidige groei- en ontwikkelstrategie verder zal ondersteunen. Na jarenlang support van de groei van beide labels, verkoopt Avedon Capital Partners haar belang.
Over Fit For Free
Fit For Free maakt fitness toegankelijk voor iedereen. Inmiddels zijn er meer dan 90 clubs in heel Nederland. Door de ruime openingstijden sporten leden wanneer het hen het beste uitkomt en altijd op hoogwaardige fitnessapparatuur. Fit For Free vindt het belangrijk dat er in iedere vestiging professionele begeleiding aanwezig is die hun leden op weg helpt en ervoor zorgt dat leden sportroutine ontwikkelen. Naast bovengenoemde service en faciliteiten biedt Fit For Free een uitgebreid pakket aan live groepslessen en gratis mini work-outs.
SportCity staat garant voor een premium fitness ervaring al in hun clubs in Nederland. Leden kiezen voor een lidmaatschap omdat SportCity de alles-in-één sportclub is waar persoonlijke benadering centraal staat. Met behulp van een beweegplan op maat werken leden in een kwalitatieve en comfortabele fitnessomgeving aan verbetering van hun sportprestaties. SportCity biedt een prettige familiaire sfeer met een verscheidenheid aan faciliteiten, waaronder high-end fitnessapparatuur, groepslessen, wellness, kinderopvang en een aangename horeca.
Bencis is een onafhankelijke investeringsmaatschappij, die ondernemers en management teams steunt bij het realiseren van hun groeiambities. Bencis investeert sinds 1999 vanuit haar kantoren in Amsterdam, Brussel en Düsseldorf in sterke, succesvolle ondernemingen in Nederland, België en Duitsland.
28 February 2018
Bencis invests in Halex Härtha with management
Bencis has acquired Halex Härtha, an industrial group based in northern Germany, from H2 Equity Partners.
The focus for the coming years will be on further expanding and strengthening the business, partly through acquisitions. Newly acquired subsidiaries can continue to pursue their local business interests while benefiting from the overarching activities of the group as a whole.
“For the next phase of our development, we needed a partner that understands small business and is focused on growth. We found that partner in Bencis,” Halex Härtha CEO Sven Killmer said. Managing Director Atillio Lucato also had positive words to say about the new phase: “We believe in our future with Bencis”. CFO Timo Röskes added: “We are excited about the next five years and are confident we have found the right partner in Bencis”.
Halex Härtha has two business lines. The Halex business line develops and produces steel extrusion dies that are essential for the aluminium manufacturing industry. The Härtha business line focuses on various hardening technologies to alter the structure of steel precision parts, giving them the right material characteristics. Both business lines of Halex Härtha stand for high-quality products and excellent service. The group has 12 branches in Germany, Italy, the Netherlands and Romania, and employs approximately 460 staff.
Bencis is an independent investment company that supports business owners and management teams in achieving their growth ambitions. Based in Amsterdam, Brussels and Düsseldorf, Bencis has invested in strong and successful businesses in the Netherlands, Belgium and Germany since 1999.
11 October 2016
EW FACILITY SERVICES PARTNERS WITH BENCIS FOR ROLL-OUT OF ITS EUROPEAN STRATEGY
EW Facility Services today announced that independent investment company Bencis Capital Partners would be joining Cire Facility Group as a shareholder in the company. In addition to Bencis, members of the Board of EW Facility Services will also become shareholders. Details of the transaction have not been released
“In Bencis, Cire Facility Group has found a strategic partner who will financially support and accelerate the international acquisition strategy of EW Facility Services,” says Henk den Hollander of Cire Facility Group. “In addition, EW Facility Services will continue to invest in its service provision in order to maintain its lead in hospitality concepts.”
“We are committed to the further roll-out of our organisation throughout the Netherlands and Belgium, and to responding to growing demand by international hotel chains for a professional facilities partner with a hospitality focus in a range of European countries,” adds Bas Cornelissen, Managing Director of EW Facility Services. “Our management team is pleased that the company can take this next step and achieve its growth ambitions. Bencis will enable us to speed up our strategy.”
EW Facility Services provides facility services to customers in various markets in the Netherlands and Belgium, with hospitality as the company’s core philosophy since its establishment by Eric Wentink in 1990. The company is market leader in the hotel sector, with 87 million euros in total turnover, making it the sixth largest cleaning company in the Netherlands. The shareholding covers activities in both countries.
About City Facility Group
Cire Facility Group invests in a leading group of Dutch and Belgian facility service providers whose main activities include cleaning services, sales, contract employment and facility management. All the companies in this portfolio have a distinctive capability that adds value to our clients’ primary processes through hospitality and experiential concepts. The company is headed by entrepreneurs Eric Wentink and Henk den Hollander and generates 139.5 million euros in turnover.
8 January 2016
GIMV acquires stake in Klimaatgarant and Itho Daalderop
Itho Daalderop monitors key market trends such as the energy performance guarantee and ‘Nul-op-de-Meter’ (zero consumption) initiatives, which form the basis for all its innovations. In the new-build market, it has a long-established relationship with Klimaatgarant, whose activities focus on performance guarantees. This collaboration has progressively intensified to ensure that products and services continue to respond to changing market demand. The managements of both companies have now decided to establish a new group supported by investment company Gimv. The two companies will continue to operate as independent entities. The new group will be headed by Wim van den Bogerd, co-founder and CEO of Klimaatgarant and former CEO of Itho; there will be no other changes to the board or management team of Itho Daalderop.
Given that sustainability and “smart cities” are key pillars of Gimv’s investment strategy, the merger was an excellent opportunity for it to acquire an interest in two firms with a ground-breaking approach to sustainability and innovation. And for Klimaatgarant and Itho Daalderop, the partnership with Gimv offers a stable and long-term basis for future growth and investment. The rapid expansion of the market for renewable energy prompted the two companies to seek an investor who could offer them full scope for growth and who shared their vision regarding all electric/zero consumption indoor climate solutions.
The many partnerships in the building renovation industry and Klimaatgarant’s prominent position in the new-build sector will significantly boost the development of new concepts and products. This will in turn lead to further innovations which Itho Daalderop feels are vital if the companies are to continue to play a leading role in providing sustainable total solutions in the future.
Wim van den Bogerd: “The entire team is excited to see these two market leaders merge into a strong combination that will be well-equipped to provide home-owners across the Benelux with total solutions in transitioning to an energy-neutral, sustainable future.”
“After a thorough analysis of the market and of the various players, we believe that Itho Daalderop and Klimaatgarant are the right combination. This investment is an example of how we as a sector team aim to create opportunities for deals and work alongside management teams to facilitate the growth and development of our businesses,” adds Ivo Vincente, Managing Partner and Head of Gimv’s Sustainable Cities Platform.
As a recognised market leader in selected investment platforms, Gimv identifies entrepreneurial and innovative companies with high growth potential and supports them in their transformation into market leaders. These companies can be at different stages of their life cycle, from young enterprises with strong growth ambitions to healthy and established businesses with the ambition to become a trendsetter. Gimv is a European investment company with over three decades of experience in private equity and venture capital. Gimv is listed on Euronext Brussels and currently manages around EUR 1.8 billion euros (including co-investment partnerships) of investments in about 50 portfolio companies.
About Klimaatgarant/Klimaatgarant Solar
Klimaatgarant was founded to help municipalities and project developers build energy-neutral housing and residential districts in an economically responsible way. Klimaatgarant’s climate system is based on heat and cold storage, optimum insulation and ventilation, all of it powered entirely by solar energy. Klimaatgarant Solar provides a range of solar panels, solar inverters, PV installation systems, cabling, connectors and related sustainable products. It imports CSUN solar panels and inverters by ZeverSolar and SMA. It also manufactures its own PV installation systems (BIPV) for pitched roofs, flat roofs and roof-integrated solutions.
About Itho Daalderop
Itho Daalderop delivers innovative and sustainable heating, domestic hot water, ventilation, and control technology solutions. The company is committed to helping create a comfortable, healthy, sustainable and affordable indoor climate under the slogan ‘Climate for life’. Itho Daalderop has been nominated for a VSK Award (innovation award given to members of the installation industry at the VSK trade fair) eleven times and has won it five times. Itho Daalderop’s Dutch offices are in Schiedam (Sales, Marketing and Service) and Tiel (R&D and Operations/Manufacturing). The company also has two offices in Belgium: in Sint-Niklaas (heating & domestic hot water) and in Codumé, Brussels (ventilation). It has gained a substantial share of the European market in recent years, and has also forged a number of global partnerships.
30 October 2014
Tarkett to acquire Desso, one of the European leaders in commercial carpets
Tarkett, a global leader in flooring and sports surfaces solutions, has reached an agreement in principle with Bencis Capital Partners and minority investors to acquire a 100% stake in Desso.
Desso, a well-established brand, produces high-end and innovative carpet flooring, mainly for commercial applications (offices, education, hospitality, marine and aviation segments), and has a presence in the consumer carpet market in Europe. The company also serves the sports market with artificial turf and a unique reinforced natural grass system (GrassMaster®).
Headquartered in the Netherlands, Desso generated 202 million euros in turnover in 2013, employs approximately 820 people and operates three plants in Europe. With the support of Bencis, Desso has demonstrated a strong and improving performance over the past few years.
“The acquisition of Desso will enable Tarkett to accelerate its profitable growth strategy by targeting the European market of added value carpet for commercial and residential use, as well as innovative sports surfaces. This move will extend our product portfolio, offering our customers complementary and cutting-edge solutions, as well as extensive design expertise” explains Michel Giannuzzi, CEO of Tarkett. “Following the successful acquisition of Tandus in the United States, Desso will allow Tarkett to provide commercial carpet solutions to all customers worldwide.”
“We are very excited to join Tarkett with whom we share the same vision and entrepreneurial values, as well as a strong commitment to sustainability, both applying the Cradle to Cradle* principles at each step of the product’s life and supporting the development of the circular economy. Within the Tarkett group, we will be in a position to offer extended development opportunities to our customers and partners, with products that aim to improve people’s wellbeing and ultimately their performance.” comments Alexander Collot d’Escury, CEO of Desso. Desso’s works council has been informed of the transaction and the consultation process is currently ongoing, as well as the filing procedures with the relevant competition authorities. The transaction is expected to be concluded at the end of this
About Cradle to Cradle
Tarkett and Desso adopted the Cradle to Cradle® (C2C) design principles for several years with the support of the German scientific institute Environmental Protection Encouragement Agency (EPEA). Both companies use the C2C approach as an ‘innovation engine’, rethinking the choice of raw materials that are safe and good for people and the environment, thus positively contributing to improved indoor air quality, people’s wellbeing and the environment. C2C takes into account each step of the product’s life: conception, production, usage, end of use, and recycling.
Tarkett is a global leader in innovative and sustainable flooring and sports surfaces solutions. With a wide range of products including vinyl, linoleum, carpet, rubber, wood, laminate, synthetic turf and athletic tracks, the Group serves customers in more than 100 countries worldwide. With 11,000 employees and 32 production sites, Tarkett sells 1.3 million square meters of flooring every day, for hospitals, schools, housing, hotels, offices, stores and sports fields. Committed to sustainable development, the Group has implemented an eco‐innovation strategy and promotes circular economy. Tarkett net sales of 2.5 billion euros in 2013 are balanced between Europe, North America and new economies. Tarkett is listed on Euronext Paris (compartment A, ticker TKTT, ISIN: FR0004188670) and is included in the following indices: SBF 120, CAC Mid 60, CAC Mid & Small, CAC All‐Tradable.
Desso is a leading global carpets and sport pitches company, active in more than 100 countries. Desso supplies products to corporate offices, education, healthcare, government, homes and also hotels, cruise liners and airlines. It also produces world leading sports surfaces such as the DESSO GrassMaster®, which has been installed at the home grounds of Champions League sides and at the football ‘temple’ Wembley. Today, most people spend on average 90% of their time indoors. This has led to the company’s vision: ‘How to make the floor work for our health and wellbeing’. Our mission is to ensure that we develop unique products that deliver a much improved indoor environment that maximises people’s health and wellbeing and ultimately their performance. This is driven by our innovation programme based on the three pillars of Creativity, Functionality and Cradle to Cradle® design. For more information please visit: www.desso.com
28 January 2014
Final Offer results – XBC holding 95.3% of all issued shares not held by Xeikon; Delisting and squeeze-out to commence as soon as possible
This press release is issued by Bencis Capital Partners B.V. in accordance with Section 17 of the Decree on public offers Wft (Besluit openbare biedingen Wft). This press release is for information purposes only and is not intended and may not be construed as an offer to sell or a request to purchase or subscribe to any securities in Xeikon N.V. The offer will be made only by means of a separate offer memorandum specifically published for this purpose, subject to the applicable rules and regulations in the Netherlands. This press release is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, the United States, Canada and Japan. Terms used but not defined in this press release shall have the meaning given to them in the Offer Memorandum dated 6 November 2013.
Final Offer results – XBC holding 95.3% of all issued shares not held by Xeikon; Delisting and squeeze-out to commence as soon as possible
27 January 2014 – With reference to its press releases of 20 September 2013, 18 October 2013, 4 November 2013, 6 November 2013 and 13 January 2014, Bencis Capital Partners (“Bencis”) hereby announces that during the Post-Closing Acceptance Period which ended on 24 January 2014 at 17:40 hours CET, 571,534 Shares with a total value of EUR 3,343,474 have been tendered for acceptance under the Offer, representing 2.0% of the issued share capital of Xeikon.
With reference to its press releases of 20 September 2013, 18 October 2013, 4 November 2013, 6 November 2013 and 13 January 2014, Bencis Capital Partners (“Bencis”) hereby announces that during the Post-Closing Acceptance Period which ended on 24 January 2014 at 17:40 hours CET, 571,534 Shares with a total value of EUR 3,343,474 have been tendered for acceptance under the Offer, representing 2.0% of the issued share capital of Xeikon.
On 31 January 2014, the Offeror will pay the Offer Price of EUR 5.85 per validly tendered and delivered (geleverd) Share during the Post-Closing Acceptance Period, after which the Offeror will hold 19,283,806 Shares, representing 95.3% of all issued shares not held by Xeikon and 67.2% of the issued share capital of Xeikon.
Consequences of the Offer
Shareholders who did not tender their Shares under the Offer should carefully review Section 5.5 of the Offer Memorandum, which describes certain risks that such Shareholders will be subject to now that the Offer has been completed.
Taking into account that the Offeror on Settlement will have acquired more than 95% of all issued Shares not held by Xeikon, the Offeror will as soon as practicable commence discussions with Euronext Amsterdam to effectuate the delisting of the Shares.
The Offeror intends to initiate squeeze-out proceedings as soon as possible in order to acquire all Shares that have not been tendered under the Offer.
The Offer is being made in and from the Netherlands and in Belgium with due observance of the statements, and restrictions included in the Offer Memorandum. The Offeror reserves the right to accept any tender under the Offer, which is made by or on behalf of a Shareholder, even if it has not been made in the manner set out in the Offer Memorandum. The distribution of the Offer Memorandum and/or the making of the Offer in jurisdictions other than the Netherlands and Belgium may be restricted and/or prohibited by law. The Offer is not being made, and the Shares will not be accepted for purchase from or on behalf of any Shareholder, in any jurisdiction in which the making of the Offer or acceptance thereof would not be in compliance with the securities or other laws or regulations of such jurisdiction or would require any registration, approval or filing with any regulatory authority not expressly contemplated by the terms of the Offer Memorandum. However, acceptance of the Offer by Shareholders not residing in the Netherlands or Belgium will be accepted by the Offeror if such acceptances comply with (i) the acceptance procedure set out in the Offer Memorandum, and (ii) the applicable laws and regulations in the jurisdiction from which such acceptances have been made. Persons obtaining the Offer Memorandum are required to take due note and observe all such restrictions and obtain any necessary authorisations, approvals or consents (to the extent applicable). Neither the Offeror, nor Bencis, nor Xeikon, nor any of their respective affiliates or any of their respective supervisory or managing directors, employees or advisers accepts any liability for any violation by any person of any such restriction. Outside of the Netherlands and Belgium, no actions have been taken (nor will actions be taken) to make the Offer possible in any jurisdiction where such actions would be required. In addition, the Offer Memorandum has not been filed with or recognised by the authorities of any jurisdiction other than the Netherlands and Belgium. Any person (including, without limitation, custodians, nominees and trustees) who forwards or intends to forward the Offer Memorandum or any related document to any jurisdiction outside the Netherlands and Belgium should carefully read Section 1 (Restrictions) and Section 2 (Important information) of the Offer Memorandum before taking any action. The release, publication or distribution of the Offer Memorandum and any documentation regarding the Offer or the making of the Offer in jurisdictions other than the Netherlands and Belgium may be restricted by law and therefore persons into whose possession the Offer Memorandum comes should inform themselves about and observe such restrictions. Any failure to comply with any such restriction may constitute a violation of the law of any such jurisdiction. Neither the Offeror, nor Bencis, nor Xeikon, nor any of their respective affiliates or any of their respective supervisory or managing directors, employees or advisors accepts any liability for any violation by any person of any such restriction.
United States of America
The Offer is not being made, directly or indirectly, in or into, or by use of the mailing systems of, or by any means or instrumentality (including, without limitation, electronic mail, post, telephone, facsimile, telex or electronic transmission) of interstate or foreign commerce of, or of any facility of a securities exchange of the United States of America, and the Offer cannot be accepted by any such use, means, instrumentality or facility of or from within the United States of America. Accordingly, the Offer Memorandum and any related documents are not being and must not be mailed or otherwise distributed or sent in or into the United States of America or in their capacities as such custodians, trustees or nominees holding shares for American persons and persons receiving such documents (including, without limitation, custodians, nominees and trustees) must not distribute or send them into such jurisdictions and doing so will render invalid any relevant purported acceptance of the Offer. The Offer Memorandum has not been submitted to or reviewed by the United States Securities and Exchange Commission or any state securities commission. Neither the United States Securities and Exchange Commission nor any such state securities commission has approved or disapproved of the Offer, passed upon the fairness or merits of the Offer, or passed upon the adequacy or accuracy of the disclosure contained in the Offer Memorandum. Any representation to the contrary is a criminal offence in the United States of America.
Canada and Japan
The Offer and any solicitation in respect thereof is not being made, directly or indirectly, in or into Canada or Japan, or by use of the mailing systems, or by any means or instrumentality of interstate or foreign commerce, or any facilities of a national securities exchange, of Canada or Japan. This includes, but is not limited to, post, facsimile transmission, telex or any other electronic form of transmission and telephone. Accordingly, copies of the Offer Memorandum and any related press announcements, acceptance forms and other documents are not being sent and must not be mailed or otherwise distributed or sent in, into or from Canada or Japan or, in their capacities as such, to custodians, nominees or trustees holding Shares for persons residing in Canada or Japan. Persons receiving the Offer Memorandum and/or such other documents must not distribute or send them in, into or from Canada or Japan, or use such mailing systems or any such means, instrumentality or facilities for any purpose in connection with the Offer; so doing will invalidate any purported acceptance of the Offer. The Offeror will not accept any tender by any such use, means, instrumentality or facility from within Canada or Japan.
Tender and transfer of Shares constitutes a representation and warranty that the person tendering the Shares (i) has not received or sent copies of the Offer Memorandum or any related documents in, into or from Canada or Japan and (ii) has not otherwise utilised in connection with the Offer, directly or indirectly, the mailing systems or any means or instrumentality including, without limitation, facsimile transmission, telex and telephone of interstate or foreign commerce, or any facility of a national securities exchange of, Canada or Japan. The Offeror reserves the right to refuse to accept any purported acceptance that does not comply with the foregoing restrictions, any such purported acceptance will be null, void and without effect.