June 14, 2018
Avedon Capital Partners sells Seebach to strategic buyer Smiths Group
Avedon Capital Partners, together with management and its co-investors has sold Seebach, the Germany based provider of metallic filtration solutions to John crane, a division of UK-based Smiths Group plc.
Seebach is a leading supplier of bespoke, highly engineered, premium quality filtration solutions, including both full systems and replacement filter elements, for critical applications particularly in the polymer and oil & gas markets. The Company’s headquarters and main production facility are located in Vellmar, Germany. Seebach operates an additional production plant in Pune, India. The company employs c. 110 staff.
Avedon and its co-investors acquired Seebach in 2012. Together with management, Avedon supported the company in its successful transition from a small family-owned business into a professional organisation with global reach, while further strengthening its reputation as innovation leader in its segment. Particularly in the Polymer segment Seebach has brought innovative solutions to market and shown substantial growth in recent years.
On behalf of Avedon Capital Partners, Hannes Hinteregger comments: “The management team has done a great job of building on Seebach’s attractive business model in executing our mutual strategy, which has put the company on a tremendous growth track in recent years. We are positive that with access to Smiths Group’s distribution network, Seebach is bound to realize its untapped potential.”
About Smiths Group / John Crane
Smiths Group is a global technology company listed on the London Stock Exchange. A world leader in the practical application of advanced technologies, Smiths Group delivers products and services for the medical technology, security & defence, general industrial, oil & gas, and space & aerospace markets worldwide. John Crane, a subsidiary of Smiths Group, is a global leader in rotating equipment solutions, supplying engineered technologies and services to process industries. The company designs and manufactures a variety of products including mechanical seals and systems, couplings, filtration systems and predictive digital monitoring technologies. John Crane customer service is accessed through a global network of more than 200 sales and service facilities in over 50 countries. www.smiths.com
About Avedon Capital Partners
Avedon is a leading lower mid-market private equity firm in Germany and the Benelux, providing capital in partnership with strong founder/owners or management teams that have distinctive and ambitious growth plans requiring a step change. The Avedon team is located in Düsseldorf (GER) and Amsterdam (NL) with managed assets of more than €500 million. Through dedicated sector teams, Avedon seeks opportunities in niches within four sectors: i) Software & Technology, ii) Business services, iii) Industrials & Engineering, and iv) Consumer products & Leisure. Throughout the cycles the team has supported 23 growth companies in the fields of strategy, sales growth, human capital, operational improvement and has achieved a strong track record of growth.
For further inquiries, please contact:
Partner, email@example.com, +49 211 5988901
Ben von Schulz,
Investment Manager, firstname.lastname@example.org, +49 211 5988903
May 28, 2018
Avedon Capital Partners exits VanRiet to Material Handling Systems, Inc. (US) after successful growth strategy
Avedon Capital Partners and Management have announced the sale of VanRiet Material Handling Systems (“VanRiet”), a leading global provider of integration systems, equipment and after-market services solutions, to Material Handling Systems, Inc. (“MHS”) a leading provider of advanced parcel sortation systems, engineering and equipment, backed by Thomas H. Lee Partners, L.P. Closing is subject to regulatory approvals.
Both Management and Avedon are pleased with this transaction which confirms the value creation strategy that was actively pursued in partnership since 2014.
Founded in 1948 and based in the Netherlands, VanRiet offers a complete range of automated sortation systems, integration and engineering services, sortation equipment, and after-market services solutions to its global, blue-chip customer base. With an experienced and highly qualified management team and employee base, VanRiet serves high-growth end markets, with a focus on courier and express parcel, traditional postal, third party logistics, and warehouse and distribution customers.
With the support of Avedon, VanRiet has tripled its sales over the past 4 years, while expanding its global presence and further extending its product innovation capabilities. VanRiet doubled the size of its production locations in Houten and China, and opened new locations in Poland (PLC engineering), the UK and Atlanta (US, production). Next to continued innovations in its core product, the shoe sorter, VanRiet introduced the “IQ-grid” and several other product innovations. The investments in Demo3D (software that allows for system simulation and emulation and which automatically generates bills of material, electrical circuit layouts and now even PLC software), have accelerated the scalability of the company. On the back of the investments in R&D, sales and marketing, VanRiet’s customer base has been expanding continuously with recently blue chip customers like Amazon and Zalando. VanRiet’s organization doubled over this period, from around 100 employees in 2014 to around 200 now.
Michel Verhoog and Gerritjan Eggenkamp of Avedon Capital Partners: “We are very proud of what Rik van den Boog, his management team and the employees of VanRiet have realized. They have made bold decisions in focusing VanRiet’s strategy and made significant investments accordingly, strengthening and professionalizing the organization and investing heavily in sales, marketing and R&D to further extend the globally leading position of the shoe sorter, introduce new products such as the IQ-grid and in tooling to support the company’s core processes.”
“We would like to thank Avedon for supporting us by substantially investing in- and expanding of the organization to create a platform of excellence that enabled us to accelerate the growth during their ownership. We are now pleased to align ourselves with MHS, and look forward to working alongside them as we continue to enhance our ability to meet a broader set of customer needs around the world,” said Rik van den Boog, Chief Executive Officer of VanRiet.
VanRiet Founded in 1948 VanRiet is a leading global system integrator. The company strives to improve the global competitiveness of its clients by designing, integrating, installing, and maintaining automated sorting solutions. VanRiet focuses its solutions on the high-growth end markets of courier, express and parcel services, e-commerce, and warehouse & distribution. VanRiet employs over 200 people and is based in Houten, the Netherlands, with locations in China, Poland and the US. For more information, please visit www.vanrietgroup.com.
About Avedon Capital Partners
Avedon is a leading lower mid-market private equity firm in the Benelux and Germany, providing growth capital in partnership with strong management teams that have distinctive and ambitious growth plans requiring a step change. Through dedicated sector teams, Avedon seeks proprietary investments within the following four sectors: (i) Industrial & Engineering (ii) Software & Technology, (iii) Business Services and (iv) Consumer & Leisure. Through its Alpha teams, Avedon endeavors to support its portfolio companies in the fields of Sales & Growth Strategy, HR, Operational Improvement and Positioning. For more information, please visit www.avedoncapital.com.
About Material Handling Systems, Inc.
Founded in 1999 and headquartered in Louisville, Kentucky, United States, Material Handling Systems, Inc. has drawn from its employees’ experience and expertise to become one of the leading material handling system integrators in North America. The Company provides the parcel industry with best-in-class design, implementation, and maintenance of turnkey material handling sortation and distribution systems. For more information, please visit www.mhsglobal.com.
About Thomas H. Lee Partners, L.P.
Thomas H. Lee Partners, L.P. is a premier private equity firm investing in middle market growth companies, headquartered in North America, exclusively in four industry sectors: Business & Financial Services, Consumer & Retail, Healthcare, and Media, Information Services & Technology. Using the firm's deep domain expertise and the internal operating capabilities of its Strategic Resource Group, THL seeks to create deal sourcing advantages, and to accelerate growth and improve operations in its portfolio companies in partnership with management teams.
Since its founding in 1974, THL has raised over $22 billion of equity capital, acquired over 140 portfolio companies and completed over 360 add-on acquisitions which collectively represent a combined enterprise value at the time of acquisition of over $200 billion.
Rik van den Boog/Johan Verhoeff
+31(0)88 60 68 111
Michel Verhoog/Gerritjan Eggenkamp
+31(0)20 568 26 21
For MHS or THL:
Sard Verbinnen & Co.
Robin Weinberg/Cameron Seligmann
‘Not for distribution or release, directly or indirectly, in or into the United States or Canada or any other jurisdiction in which the distribution or release would be unlawful. None of the information contained herein constitutes an offer of, or an invitation to purchase, any interests, shares or units, nor any investment advice or services. Neither the investment funds nor their managers mentioned herein are licensed or supervised by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten) or by any other supervisory authority in any jurisdiction.’
May 02, 2018
Avedon Capital Partners-backed Altendorf Group acquires Hebrock in a succession solution
“Altendorf Group GmbH, a portfolio company of Avedon Capital Partners, on 25 April 2018 closed the acquisition of Maschinenbau Hebrock GmbH and ebm Maschinenbau GmbH (together ‘Hebrock’), thereby providing a succession solution to its founding family. Hebrock is a leading provider of high-quality edgebanding machines for craft processing of wood panels based in Bünde and Hüllhorst (Germany).”
Avedon invested in Altendorf in October 2017 with the goal of forming the global market leader in high-quality machinery for crafts secondary woodworking, by joining tradition-rich niche market leaders in complementary product categories. With the acquisition of Hebrock, Avedon takes a second major step in executing this buy & build strategy.
The combination of Altendorf and Hebrock strengthens the individual businesses by joining their respective capabilities in distribution and product development, to continue delivering best-in-class solutions to its customers. The companies, located in close geographical proximity, build on an existing cooperation, which in the past included mutual exhibitions, as well as a similar reputation for excellent built-quality, service and reliability.
Horst Hebrock, founder of Hebrock, comments: “We have had friendly relations with Altendorf Group for many years and know that growth orientation is the right way to meet the challenges of the future. Our single product focus has defined Hebrock for almost four decades. We operate in the same target markets as Altendorf and will undoubtedly be able to achieve many synergies together. A joint, future-oriented strategy that addresses both product distribution and development can only benefit both companies.”
Ralf Köster, Chairman of the Altendorf Group Advisory Board, adds: “The Hebrock brand and the edge bander category represent an exceptional fit with our growth strategy, enabling Altendorf Group to continue to expand on the world stage.“
Hebrock employs c. 55 staff, increasing the employee base of the combined Altendorf Group to a total of more than 300. The second-generation family members will continue to shape the future of Hebrock as part of its management team.
On behalf of Avedon Capital Partners, Benjamin von Schulz states: “We are delighted about the opportunity to merge Altendorf and Hebrock, two exceptional family businesses, and thereby positioning both for continued future success. Looking ahead, we are excited to further support management in leveraging both companies’ strengths and in continuing to pursue our mutual vision of creating a global market leader in machinery for secondary wood-processing.”
About Altendorf Group GmbH Altendorf Group GmbH (‘Altendorf Group’), headquartered in Minden, Germany, is a globally leading manufacturer of saws for craft processing of wood, metal and plastics. The company has a history of more than 110 years and a global brand awareness. The Altendorf Group operates production facilities in Minden, Germany and Qinhuangdao, China. In 2017 Altendorf Group generated revenues in excess of 40m EUR. www.altendorf.com
About Avedon Capital Partners Avedon Capital Partners is an experienced growth capital investor specialized in supporting niche market leaders in realising their ambitious growth plans and strategic visions. With assets under management of more than EUR 500m Avedon focuses on niches within four sectors: industrials & engineering, software & technology, business services and consumer goods & leisure. Since it was established in 2003 the team, located in Düsseldorf (GER) and Amsterdam (NL), invested in 23 growth capital transactions. www.avedoncapital.com
For further inquiries, please contact:
Hannes Hinteregger, Partner, Hannes.Hinteregger@Avedoncapital.com, +49 211 5988901
Alfred Tulp, Partner, Alfred.Tulp@Avedoncapital.com, +31 20 5682636
March 20, 2018
Kinly announces Magnus Ekerot as new CEO
Kinly – the leading visual collaboration specialist, resulting from the merger of VisionsConnected and Viju – today announced that Magnus Ekerot has been named as their new CEO. Kinly aims to be the leading visual collaboration specialist in providing physical and digital meeting solutions and services. The strategy is to deliver value to clients by being the number one industry player in making meetings work easier and more efficiently for users. As CEO, Magnus will help to strengthen the company’s strategy.
Magnus, previously CEO of TKH Security Vision Group, has an outstanding track record of growing technology companies through excellent customer relationships and market-driven solution development. His background in security, video and AI technology, together with the experience of leading growth companies in the USA, APAC and Europe, makes him the perfect candidate to join Kinly on the journey they have already started.
“It rarely happens that you are lucky enough to find a match where your professional and personal ambitions are completely aligned with a company’s legacy, vision, people, technology and market – this is one of those very rare moments,” said Magnus Ekerot. “I look forward to leading Kinly’s growth in the coming years.”
Commenting on the transition, Odd Sverre Østlie, former CEO of Kinly said: “Since joining forces, Kinly has become one of the largest visual collaboration specialists in the industry. I’m extremely proud of what we, as a team have achieved, and I’m now very pleased to hand over the reins to Magnus. He is a CEO with exactly the background Kinly will need going forward. And, I know he will join one of the best teams in the industry – a crew I personally feel privileged to have worked with over the last four years.”
Emily Jeffries-Boezeman, Investment Manager at Avedon Capital Partners, said, “Since the acquisition and merger of VisionsConnected and Viju six months ago, we have been proud to hear the responses from clients, employees, partners and the wider industry on the ambition of our new company - Kinly. The team has done a tremendous job in bringing the best of both worlds together aiming to set a new standard in this industry.” Emily continues, “We are very excited about the appointment of Magnus Ekerot. With Magnus, and the appointment of our new CFO, Freddy Dijkman, the Kinly team is perfectly positioned to support the international growth of the company. Magnus brings a wealth of experience growing and scaling technology companies. He is highly respected for his strategic direction setting, relentless focus on customer value, and his tremendous drive. We would also like to thank Odd Sverre for his dedication to making Kinly a success from the beginning. His many talents have been important in building Kinly so far and we wish him all the best in the future.”
Kinly provide secure and flexible visual collaboration solutions that makes it easier to work closer together.
At Kinly, we think working together is the most exciting thing in the world. Our vision is to engage people in a world of possibilities. Our brand promise is Working together. Everywhere. Our role is to provide a seamless and reliable experience that enables people to work together, in different spaces and places. Kinly’s solutions and services include video conferencing, audio visual integration and unified communications and collaboration. The company today serves corporate and public customers in over 120 countries from established office locations throughout EMEA, the USA and APAC.
For further information, visit kinly.com
For further inquiries, please contact:
Magnus Ekerot Chief Executive Officer, Kinly
+31 6 20 396511 (The Netherlands)
John Thorneycroft SVP Strategy & Transformation
+44 781 200 1966 (United Kingdom)
Knut Bentzen Chief Marketing Officer
+47 917 110 003 (Norway
January 24, 2018
Wieteke van de Kamp aangesteld als General Counsel
Amsterdam/Düsseldorf, januari 2018, Wieteke van de Kamp is in dienst getreden bij Avedon Capital Partners (“Avedon”) in de functie van General Counsel.
Wieteke komt over van RFS Holland Holding, het moederbedrijf van Wehkamp en Lacent, dat ook voormalig eigenaar is van bedrijven zoals fonQ en Create2fit. Bij RFS Holland Holding, dat in eigendom is van private equity bedrijf Apax Partners, stond Wieteke aan het hoofd van het Legal & Compliance team en was zij onderdeel van het management team. Wieteke was onder meer verantwoordelijk voor de verkoop van fonQ en Create2fit en speelde een belangrijke rol bij de verkoop van RFS Holland Holding aan Apax. Tevens was zij werkzaam als Corporate Secretary, in welke hoedanigheid zij op trad als vertrouwelijke tussenpersoon tussen het dagelijkse bestuur en de raad van commissarissen. Eerder werkte Wieteke als Senior Associate Lawyer in de Corporate/M&A/Private Equity sectie van Clifford Chance in Amsterdam en Londen.
Alfred Tulp, partner van Avedon Capital Partners is verheugd met de aanstelling van Wieteke van de Kamp als General Counsel: “Wieteke is een getalenteerde juriste die voldoet aan het profiel van mensen die wij zoeken om ons snelgroeiende team te versterken. Niet alleen bezit Wieteke hoogstaande juridische kennis, ook heeft ze ruime ervaring met het overnemen en herfinancieren van bedrijven en corporate governance, dat ons zal helpen om onze bestaande en toekomstige investeringen nog beter te leiden.”
Avedon Capital Partners is een onafhankelijke investeringsfirma bestaande uit twaalf investeringsprofessionals met kantoren in Amsterdam en Düsseldorf. Avedon investeert groeikapitaal en expertise in middelgrote bedrijven die marktleider zijn in hun sector. Door middel van sectoronderzoek zoekt Avedon bedrijven waarbij de focus ligt op de volgende sectoren: i) software & technologie, ii) hoogwaardige maakindustrie, iii) consumentengoederen en iv) zakelijke dienstverlening. Avedon werkt graag als partner met sterke managementteams of ondernemers die een onderscheidend en ambitieus groeiplan hebben. Sinds 2003 heeft Avedon 23 bedrijven ondersteund in het realiseren van hun ambities.
Voor verdere informatie:
Avedon Capital Partners
1077 AS Amsterdam
Tel: +31 (0)20 568 2636
December 04, 2017
Olympia Nederland wins Recruitment Tech Award 2017
Utrecht, 24 November 2017 – Olympia Nederland landed the Recruitment Tech Award 2017 with the ‘everyone an e-recruiter’ case. Each year, the prize is awarded to the organisation that has developed the most innovative and effective recruitment technology. In the finale held during the Recruitment Tech Event, Olympia left ABN Amro and Spotta behind.
Intake at good level
From the central idea of ‘everyone an e-recruiter’, Olympia combines the strength of HR professionals with professional e-commerce behaviour and makes this an integral, permanent part of the organisation, both centrally and locally. Olympia also quickly implements, activates and scales up the latest e-recruitment technologies and channels, for instance with in-app training. Using the RecruitmentCockpit, every agent at the employment agency has access to e-commerce tools and insights. In this way, Olympia is able to maintain the same level of intake in terms of e-recruitment, in spite of the general national trend of the falling numbers of applications and increasing scarcity. The first tests showed as many as 500 per cent more applications in specific cases.
Rogier van Hamburg, Chief Digital & Innovation Officer at Olympia: “I’m incredibly proud of the team that has created this innovative solution. Olympia has chosen computerisation and innovation. This prize is a validation of the path we’ve taken.”
This year, 24 submissions were entered for the Recruitment Tech Award. A five-member expert jury chose five cases and five tools in the preselection. Those selected presented their case or tool in October, and three nominees were then chosen from each category. The audience and the expert jury determined the winners.
More information: www.recruitmenttech.nl
Please refer to the official press release for further details. Dutch Press Release.
November 29, 2017
All Waste Containers Will Be Fitted With A Sensor
ROTTERDAM. All waste containers will be fitted with a sensor with a volume measurer.
According to the municipality, this allows containers to be emptied more efficiently.
The system has been extensively tested in Rotterdam-Zuid and the results have been positive.
The containers are emptied less often and the containers were on average three quarters full when they were picked up.
All 6540 waste containers will now get the system. In January the first textile containers will be emptied with the new working method. The sensor system is simple: every hour it measures via ultrasound how full the container is. With this information, the municipality is able to determine which containers need to be emptied and plans the routes to collect the waste accordingly.
Subscript photo: The sensor to be placed in the container.
October 18, 2017
Avedon Capital Partners announces Final Close of Avedon III
Amsterdam, The Netherlands, Düsseldorf, Germany
Avedon Capital Partners ("Avedon") is delighted to announce that Avedon III is holding a final close at €300 million. Avedon is delighted that investors have recognized its distinctive positioning and successful track record, resulting in a shortened fundraising period and substantially closing above the target of €250 million. Avedon III investors comprise a combination of institutional investors (banks, insurance companies, pension funds, endowments, fund-of-funds), both from Europe and North America, as well as a group of senior executives, further strengthening Avedon’s network in its home markets.
Avedon III will continue the Firm’s successful strategy of investing in growing, niche marketleading companies, with revenues ranging between €25 million and €150 million, which are at an inflexion point in their development and are looking for a partner to support them in accelerating growth by providing both capital and expertise. Avedon’s value creation effort stands on two fundamental legs: (i) creating high-performing, sound companies; and (ii) fostering top-line growth. Avedon has developed a distinctive tool set and network to actively support portfolio companies and create robust, professionalised organisations. Moreover, the Firm will continue leveraging the expertise it has developed over time within its four preferred sectors: Business Services, Industrial Niches, Consumer & Leisure and Software & Technology.
The successful raise also marks a busy period of activity for the Firm, which recently completed the first three investments in Avedon III: BroNij / BWaste (combination of three complementary companies in the underground waste container business creating the market leader in the Netherlands with international growth potential), VisionsConnect / Viju (combination of a Dutch-based and a Norwegian-based services companies in the videoconference market, creating a leading global player) and Altendorf (German premium brand machine builder in the woodworking industry). All three investments were sourced wholly off-market directly from their owner founders. As Avedon III further bolsters the Firm’s ability to source high-quality investments, it continues to maintain an active pipeline of opportunities in its target markets.
Quote from Alfred Tulp: "Since the spinout in 2011 we have invested significantly in building a senior team, we have further institutionalized our sector approach, and we have expanded our support platform for company management by leveraging an ecosystem of trusted advisors. That effort is now clearly paying off, as we are able to team up with exceptional entrepreneurs and management teams. The increased fund size gives us deeper pockets to invest more in our platform companies while staying in our sweet spot at the lower end of the mid-market"
Please refer to the official press release for further details. German Press Release.
October 10, 2017
Avedon Capital Partners acquires Altendorf Group, a premium brand in the woodworking industry, out of family hands
Minden/Düsseldorf/Amsterdam, October 9th, 2017 – Avedon Capital Partners ('Avedon'), an experienced growth capital investor, passionate about supporting market-leading Mittelstand companies and their outstanding management teams in realising their ambitious growth plans and strategic visions, acquires a majority stake in Wilhelm Altendorf GmbH & Co. KG ('Altendorf Group' or 'Company'), the globally leading manufacturer of saws for craft processing of wood, metal and plastics located in Minden, Germany. The ambition is to extend Altendorf Group's premium position for machines and services in wood, metal and plastics processing with innovative products and technologies to sustainably capture new customer segments and markets through accelerated organic growth and by realizing external growth potential.
In the course of this succession solution with Avedon entering as new majority shareholder, the existing managing directors Jörg F. Mayer (43) and Wolfgang Ruhnau (48), both active in the company for more than 15 years, acquired a minority stake in the company. As shareholders and managing directors they stand strongly for continuity in the management of the company and for embarking on an ambitious future for Altendorf. The Altendorf family, recently active in the third and fourth generation as shareholders and in the management respectively advisory board of Altendorf, appreciates the solid and sustainable setup of the group with its excellent and experienced management team and with Avedon as proven partner for the German Mittelstand, and retires from its corporate engagement. In addition, Dr. Ralf Köster, a well-proven entrepreneur with many years' experience in the industry, will remain on the advisory board and will take over the role as Chairman. The transaction successfully closed on October 6, 2017. The Parties agreed not to disclose the purchase price or any further details to the transaction.
Altendorf Group, headquartered in Minden, looks back at a 110 year history and enjoys global brand awareness. The group's most important product is the sliding table saw, first developed by Wilhelm Altendorf in 1906. The model F45, also called 'The Altendorf' is perceived around the world as synonym for top quality brand and product. The company employs more than 250 people and has sustained continuous growth in the past years. In 2016 Altendorf Group generated revenues of 40m EUR. As driver of innovation, Altendorf Group takes a leading role in the wood-working handicraft sector and has a strong position for further national and international growth. Avedon will support Altendorf Group to further invest in the organisation and in expanding and digitalisation of the product portfolio.
Jörg F. Mayer, Managing Director of Altendorf Group says: "Together with the founder family around Wilfried and Tom Altendorf, we fortified Altendorf Group's positioning as global leader in the development and manufacturing of saws for craft processing of wood, metal and plastics and generated sustainable, profitable growth. From this position of strength we now have the opportunity to build a globally leading company within its sector."
Wolfgang Ruhnau, Managing Director of Altendorf Group adds: "With Avedon, we found a partner, who possesses a deep understanding of the mechanical engineering sector and successfully supported numerous family-owned companies with the execution of their strategic plans and unlocking of international growth potential. We look forward to continuing together with Avedon on our growth path and sustainably position the company for the future."
Please refer to the official press releases for further details: English Press Release. German Press Release.
September 14, 2017
Avedon Capital Partners acquires VisionsConnected and Viju to create a leading global provider of video conferencing, audiovisual and collaboration solutions
Amsterdam, The Netherlands and Stavanger, Norway,
Avedon Capital Partners (“Avedon”) is delighted to announce that as of today a new combined leading global visual communications company is created with the acquisition and merger of VisionsConnect and Viju. The ambition for the new combined company is to build a leading global visual collaboration company specializing in designing, installing, servicing and supporting physical and virtual meeting room environments for global customers with strategic need for videoconferencing, collaboration and audiovisual solutions. This growth is to be realized by a combination of organic growth and by actively looking at buy-and-build opportunities. Avedon’s role as investor is to support the growth ambitions, integration and professionalization of the combination.
The combined company today already serves corporate and public customers in over 120 countries. It will have its official headquarter in Amsterdam, the Netherlands and will continue to serve their customers from multiple locations throughout EMEA, USA &APAC. A new brand, that reflects the evolution of these two reputable businesses into an integrated global organisation, is expected to be launched in early 2018.
Odd Sverre (OS) Østlie, previously CEO of Viju, will be appointed as CEO, and will continue to focus on an ambitious growth strategy with a strong focus on creating tangible business value for global clients. Raymond Alves, the founder and CEO of VisionsConnected, will be appointed as CSO (Chief Solution Officer), and will spearhead the company’s solutions and services development.
Commenting on the announcement, Odd Sverre (OS) Østlie, CEO at Viju, said “We believe this is a perfect opportunity to join forces with VisionsConnected and create a leading global visual collaboration specialist. For the end user to be effective, they need a trusted partner to bring the world of different technologies together. The combination can now provide our Clients with a seamless ecosystem of personal and shared Video and AV technologies as-a-Service, covering every need from one-to-one and group collaboration, to internal all-hands and external events. With Avedon we have a partner that that understands technology and has deep experience in integrating companies to accelerate growth”.”
“Employees must be able to really enjoy and master the experience of working collaboratively and organisations must be able to realize and measure real improvement from their investment in audiovisual and collaboration technologies” says Raymond Alves, CEO at Visions Connected. “I look forward to further developing our solutions and services, and continue to drive innovation by enabling effective collaboration between people and organisations
Commenting on the transaction, Emily Jeffries-Boezeman, Investment Manager at Avedon Capital Partners, said, “We have been following this market and recognized the opportunity to create a leading global specialist in this dynamic, but still fragmented market. The market grows considerably driven by the increased need for high end video and collaboration technologies and services, delivered globally in a service model. With their outstanding people, talented leaders and shared culture striving for the best customer experience, Viju and VisionsConnected together, form the ideal foundation for our entrance into this industry. We support the combined management team and look forward to making this investment a joint success.
Viju is a global visual communication specialist, whose aim is to transform the way people communicate and collaborate in the workspace. Their solutions and services include videoconferencing, audiovisual integration and unified communication and collaboration.
VisionsConnected is a global visual collaboration specialist on a mission to change the way people collaborate. They create and deliver cloud based, high quality, secure and user friendly video conferencing services to customers in over 120 countries.
About Avedon Capital Partners
Avedon Capital Partners is an investor passionate about supporting outstanding entrepreneurs and management teams of growth companies to realize their ambitions together. It is located in Amsterdam (NL) and Düsseldorf (GER). With managed assets of more than €500 million Avedon focuses on niches within four sectors: software and technology, business services, industry & engineering, and consumer products & welfare. Since it was established, the team has invested in over 20 growth capital transactions and has achieved a strong track record of growth.
For further inquiries, please contact:
Partner, email@example.com, +31 6 20609805
Investment Manager, firstname.lastname@example.org, +31 6 83620177
Please refer to the official press releases for further details: Dutch Press Release.
June 30, 2017
The Kooyenga Group is focusing on growth, by forming a strategic alliance with Olympia Netherlands
Dokkum (NL), —The successful Frisian entrepreneur Romke Kooyenga has entered into a strategic alliance with Olympia Netherlands. The collaboration between Kooyenga and Olympia forms the foundation for the further development of the Kooyenga Group as the leading temporary staffing and consulting agency for the government sector. With a strategic interest in this Group, which consists of Kooyenga Consulting and Staffing, and management consultancy firm Vondel & Nassau, Olympia Netherlands strengthens its position within the municipal government.
The alliance between Olympia Netherlands and the Kooyenga Group offers the opportunity for Kooyenga to grow rapidly. Romke Kooyenga, owner of the Kooyenga Group, will focus entirely on this growth ambition and the further commercial development of the organization starting September 1 of this year. The daily management of the Kooyenga Group will be in the hands of Just Zandhuis, who will take up the position of CEO. Romke Kooyenga: “I am an entrepreneur who has built up the company with much pleasure and success over more than 23 years. However, the further growth of Kooyenga requires a strong collaboration partner which is similar to Kooyenga in terms of culture and ambition. Olympia is this party. Now I can focus entirely on my main strengths. I will remain commercially responsible and develop the employees, and preserve the culture which is so characteristic of us. I have complete confidence in the collaboration with Just Zandhuis as CEO because of his broad background in service provision for the public sector and our shared vision for this market. Just brings the professionalization which we need to take the company to the next phase.”
The Kooyenga Group is known in the market for its strong company atmosphere in which entrepreneurship, professionalism, and transparent cooperation with short lines of communication are central themes. The two companies are of the same mind on these issues. Dimitri Yocarini, CEO of Olympia Netherlands since 2016, has this to add: “Just like the Kooyenga Group, Olympia Netherlands has the ambition to grow within the municipal government. It’s great that we can complement each other through a strategic alliance with a respected organization such as the Kooyenga Group and an enthusiastic entrepreneur like Romke. By combining our expertise, we are able to achieve an even stronger position within the government sector. We are really looking forward to our partnership and have a lot of confidence in it.”
For more information please contact Steven Gudde, spokesperson, at telephone number: +31 (0)70 – 338 10 60 or +31 (0)6 – 57 99 12 19
March 09, 2017
BWaste, BroNij and Ferro-Fix create a new leading player for the production, maintenance and technology of smart waste systems
Three companies, each with a leading position in waste systems, announced today they will join forces in the area of maintenance, new build, filling level, access control systems, and route optimization for underground and aboveground waste collection systems. Avedon Capital Partners supports, as investor, the growth ambitions and professionalization of the combination. Within this new enterprise, the companies Ferro-Fix, BroNij and BWaste will continue to operate independently. Nothing will change for employees, customers and brands. The current shareholders of both BWaste and BroNij will continue as manager and shareholder in the new combination.
Please refer to the official press releases for further details: English Press Release. Dutch Press Release.
December 21, 2016
Avedon Capital Partners invests in WCC Group, aiming to accelerate international growth
The Netherlands (Amsterdam), December 20, 2016 - Growth capital investor Avedon Capital Partners has acquired a majority shareholding in WCC Group. Avedon will substantially invest in WCC Group to accelerate its global expansion into new markets and further build out its strong relationships with current clients. Founders and former majority shareholders Peter Went and Mark Wegman will keep a material share in WCC, but step back from the Executive Board. Wim Rietdijk, former COO, is appointed as CEO. Please refer to the official press releases for further details: English Press Release. Dutch Press Release.
September 30, 2016
NPM Capital acquires Deli Home & Garden
Gorinchem, 30 September 2016 – Investment firm NPM Capital and management have reached agreement to acquire the shares of Deli Home & Garden from N.V. Deli Maatschappij. Read more.
August 12, 2016
Avedon Capital Partners exits Tesch Inkasso to German strategic buyer after successful buy-and-build
Düsseldorf, 12 August 2016 – Avedon Capital Partners and Management have announced the sale of Tesch Inkasso Group (Tesch), a leading German debt collection company, to Lowell GFKL Group, an European leader in credit receivables management backed by the Permira Funds and Ontario Teachers’ Pension Plan (OTPP). Closing is subject to regulatory approvals. Both Management and Shareholders are pleased with this transaction which confirms the value creation strategy that Management and Shareholders actively pursued since 2012. Please refer to the official press release for further details: English Press Release.
July 12, 2016
Joyce Steenveld nieuwe COO bij Olympia Nederland
Den Haag, 12 juli 2016. Joyce Steenveld is per 5 juli 2016 benoemd als nieuw directielid van Olympia Nederland in de functie van Chief Operations Officer. Steenveld is daarmee eindverantwoordelijk voor de operationele activiteiten van franchiseorganisatie Olympia Nederland. Lees meer. English translation.
July 01, 2016
Interview met Dimitri Yocarini: "Nooit iets anders dan ondernemen"
Niet iedereen neemt op zijn 33e een bedrijf over met een omzet van zo’n €300 miljoen. Dimitri Yocarini wel. Sinds mei is hij ceo, en samen met investeringsfonds Avedon, eigenaar van uitzendconcern Olympia. Lees meer
June 12, 2016
VanRiet expands business operations in Germany
The Dutch VanRiet Group wants to expand further on the German market. To do this the intralogistics experts in the E-commerce, Service and Maintenance divisions are planning to generate further growth. Read more
June 06, 2016
Avedon Capital Partners invests in Olympia temporary employment agency together with ambitious entrepreneur
Amsterdam, 06 June 2016 - Following approval from the ACM, Olympia Nederland has been acquired by franchise entrepreneur Dimitri Yocarini and Avedon Capital Partners. With this sale of the shares of NIBC to an entrepreneur who knows both the company and the market well, backed by a solid investor and a shared vision for Olympia with the franchisees, the company is ready to execute the envisaged growth strategy. Please refer to the official press release for further details: English Press Release or Dutch Press Release.
May 31, 2016
Cees Verkuyl nieuwe CCO bij Olympia Nederland
March 18, 2016
Avedon en Dimitri Yocarini zijn voornemens Olympia over te nemen
Den Haag, 18 maart 2016 - De franchiseondernemers van Olympia Nederland stemmen in met de voorgenomen overname van Olympia Nederland door Olympia franchiseondernemer Dimitri Yocarini en Avedon Capital Partners. Eerder was er al een akkoord bereikt tussen de huidige eigenaar NIBC en de overnemende partijen. De directie en raad van commissarissen van een van de grootste niet-beursgenoteerde uitzendbedrijven van Nederland ondersteunen de overname en de op groei gerichte strategie. De voorgenomen overname ligt nu ter goedkeuring bij de Autoriteit Consument en Markt (ACM). Lees meer
March 10, 2016
Avedon backed Tesch Group acquires large debt portfolio
Düsseldorf, 10 March 2016 - Tesch Inkasso GmbH (‘Tesch’ or ‘Tesch Group’), a leading German debt collection company headquartered in Wiehl, Germany announced the acquisition of ST BusinessManagement GmbH & Co. KG (‘ST BM’) from its founding shareholder. The add-on of ST BM highlights the successful implementation of Avedon Capital Partners’ (‘Avedon’) growth strategy for Tesch, comprising both add-on and portfolio acquisitions. Since Avedon acquired Tesch Group in 2012, the company has completed four acquisitions – resulting in the company more than doubling in size. Read more
March 03, 2016
Avedon backed Tesch Group bolts on mediafinanz
Düsseldorf, 3 March 2016 - Tesch Inkasso GmbH (‘Tesch’ or ‘Tesch Group’), a leading German debt collection company headquartered in Wiehl, Germany announced the acquisition of mediafinanz AG (‘mediafinanz’) from its three founding shareholders. The add-on of mediafinanz highlights the successful implementation of Avedon Capital Partners’ (‘Avedon’) growth strategy for Tesch, comprising both add-on and portfolio acquisitions. Since Avedon acquired Tesch Group in 2012, the company has completed four acquisitions – resulting in the company more than doubling in size. Read more
February 10, 2016
Cyclomedia appoints Rutger Gerritz as Managing Director Netherlands
Zaltbommel, February 10, 2016, CycloMedia Technology B.V., innovator in Smart Imagery Solutions, has appointed Rutger Gerritz (44) to the role of Managing Director Netherlands with effect from February 1. His focus will be on further growth and development within the Netherlands. Please refer to the official press release for further information: Dutch Press Release or English translation.
January 27, 2016
Gerritjan Eggenkamp now Partner with Avedon Capital Partners
Amsterdam/Düsseldorf, 27 January 2016 – Gerritjan Eggenkamp has been promoted to partner with Avedon Capital Partners based on his strong contribution since joining Avedon in 2012. Read more
January 08, 2016
Roundcube Software launched in South Africa
Johannesburg, January 08, 2016 — Local technology companies Roundcube Software (Pty) Limited and QRater Software Solutions (Pty) Limited today announced the successful completion of an integration project between their respective insurance solutions available in the South African insurance industry. “This integration will go a long way in proving that collaboration between two key players in the local industry will unlock incremental value to users who seek to improve their business processes whilst increasing their control in an ever changing insurance market” says Tian Horn, Managing Director of Roundcube. Read more
December 04, 2015
Promising start for 2theloo in the UK market
London, December 4, 2015 – Only a few months after opening the first toilet store in the UK, 2theloo came out as a National winner for England at the Loo of the Year Awards 2015, held at the St Johns Hotel in Solihull. Read more
November 09, 2015
Avedon Capital Partners successfully exits GRW Bearing GmbH to US listed strategic buyer
Düsseldorf, 9 November 2015 – Avedon and Management today announced the sale of German high precision miniature ball bearing company GRW Bearing GmbH (GRW) to US-based Kaman Corporation (NYSE:KAMN), with expected closing end of November. Both Management and Shareholders are pleased with this transaction which confirms the value creation strategy that Management and Shareholders pursued over the investment period. Please refer to the official press release for further details: English Press Release / German translation / Dutch translation.
September 22, 2015
Avedon supports Robidus’ growth ambitions
Amsterdam, 22 September 2015 - As of today Avedon Capital Partners ('Avedon') and the management of Robidus have acquired all outstanding shares in Robidus from current shareholders and founders. Avedon will support Robidus’ ambition to become an innovative partner in the field of social security services and software by providing capital and expertise. Please refer to the official press release for further details: English Press Release or Dutch Press Release.
September 17, 2015
Interview with Siegward Tesch, founder of Tesch Inkasso GmbH about the acquisition, the sparring and the future development in the German Mittelstand magazine “Unternehmer Edition”
Not only did Avedon CP taking over majority stake answer the question of succession, but also offered a perspective for further growth to Tesch Inkasso GmbH. The company's former owner still is active member of the advisory board. Please refer to the full interview in the German magazine "Unternehmer Edition" for further details: English Interview
September 07, 2015
Julian Bärenfänger joins Avedon Capital Partners from HgCapital as partner in the German office
As of September 7 Julian Bärenfänger has joined Avedon CP as partner in the German office. Prior to joining us Julian has been with HgCapital since 2007 and was active as Associate Director in the Healthcare Investment Team in the UK. He has played a key role in a number of transactions from pro-active deal sourcing to in-depth portfolio work. He held board seats at Casa Reha and Mercury Pharma where he also successfully managed the exit process. Next to the healthcare sector he has gained experience in software and business services. In 2014 HgCapital started to retreat from the healthcare sector and Julian decided to leave the firm. Prior to HgCapital he worked for Lehman Brothers Investment Banking Division. Julian holds an MSc in Finance & Banking from Munster University, Germany. Please refer to the official press release for further information: official press release.
September 01, 2015
Bas Kea joins Avedon Capital Partners from Lazard as Associate in the Dutch office
As of September 1 Bas Kea has joined Avedon CP as Associate in the Dutch office. Prior to joining us Bas has been with Lazard since 2007 and was active as Associate in the M&A Advisory team in Amsterdam. He has worked on a number of transactions from sell side, buy side and restructurings. Bas holds an MSc in Financial Law and Accounting & Control from Erasmus University in Rotterdam, The Netherlands. Please refer to the official press release for further information: official press release.
August 26, 2015
2theloo opens first ‘better than at home’ toilet store in London
London, August, 26 2015 – Today at five ‘o clock the international toilet store company 2theloo will open their first UK store in Covent Garden in presence of Margriet Leemhuis, Deputy Head of Mission at the Dutch Embassy in London. The innovative and fun concept from the Netherlands welcomes its guests with a loo cocktail party held in and around the spotlessly clean and fancy toilet store 2theloo. read more
June 23, 2015
Avedon Capital Partners, NPM Capital and Management successfully exit Deli Building Supplies to strategic buyer
The Building Supplies division of Deli Maatschappij NV and PontMeyer NV are joining forces. The combination will have around €600 million of sales and will employ around 1,500 workers. Please refer to the official press release for further details: English Press Release
May 20, 2015
Jan van der Struik switches from a senior management position at NN, a large insurance company, to become CCO at CCS
Jan van der Struik (49), previously Director of the Retail Non-Life division at Nationale Nederlanden, recently took up the position of Commercial Director at software supplier CCS. He will also become a member of the CCS Executive Board. Please refer to the official press release for further information: Dutch Press Release or English translation.
May 15, 2015
VanRiet Group introduces the new IQ-grid
VanRiet introduces the IQ-Grid, the new generation of wheel sorting solutions. The requirements of modern customers demand more and more from internal logistics. Everything has to be faster, more flexible and more efficient but cost less money. So you want the highest possible output for the lowest possible investment to still retain your flexibility too. VanRiet acknowledges these modern aspects and anticipates them. The new IQ-Grid™ is the answer to modern logistics problems and helps you remain ahead of your competitors. Please refer to the official press release for further information: Press Release
April 29, 2015
Tesch Inkasso celebrates 30th anniversary - New group CEO
Auf eine Erfolgsgeschichte von inzwischen 30 Jahren kann die Tesch Inkasso Forderungsmanagement GmbH aus Wiehl im April dieses Jahres zurückblicken. Gegründet im Jahr 1985 durch Siegward Tesch beschäftigt die Unternehmensgruppe heute 330 Mitarbeiter an den Standorten Wiehl und Tönisvorst bei Düsseldorf. Das einst kleine Inkassobüro begann stark zu expandieren, als 1995 mit T-Mobile das erste Großmandat gewonnen wurde und die wachsende Telekommunikationsbranche als erste Kernzielbranche erschlossen werden konnte. In den Folgejahren konnten weitere Großmandate aus den Bereichen Finanzinstitute, Energiewirtschaft sowie Versicherungen gewonnen werden, auf die auch heute noch ein Fokus gelegt wird. read more
April 24, 2015
Avedon Capital Partners sells its stake in Ad van Geloven, the frozen food market leader in the Benelux
Based on the substantially improved performance of Ad van Geloven in the recent years shareholders and management jointly decided to sell the company at the end of 2014. There has been substantial interest of both strategic and financial buyers. In April, Towerbrooks, a US based investment firm, acquired 100% of the company together with management. Please refer to the official press release for further details: English Press Release
April 22, 2015
Avedon and management successfully sell majority interest in Euretco to EK/service group
Avedon Capital Partners is pleased to announce that together with management, Avedon has successfully sold majority interest in Euretco to EK/service group. Please refer to the official press release for further details: English Press Release
April 21, 2015
Seebach takes over Brückner shares in joint venture in India to further strengthen international sales
With effect from 10th February 2015, Seebach GmbH, in collaboration with its Indian Managing Director, has taken over the shares held by Brückner Holding GesmbH in the joint venture Brueckner Seebach Filter Solutions India Pvt. Ltd. The joint venture with a production site in Shirwal, Maharashtra was established in 2009 for the purpose of offering high-quality filter solutions to the operators of Brückner film stretching lines – as well as other polymer processors – in Asia, especially in India. Please refer to the official press release for further information: English Press Release
March 05, 2015
VanRiet Group expands headquarters and assembly hall to support envisaged strong growth
VanRiet Group, whose subsidiary companies provide intralogistics solutions for the tyre handling, parcel sorting and warehouse & distribution industries, is to significantly expand its head office. As well as increasing its office space, it will also extend capacity for the R&D department. The markets in which VanRiet operates are expanding, partly due to the growth of e-commerce, and it wants to continue to lead the field as a provider of solutions and product developments. Since the company feels at home in the municipality of Houten, which is centrally located in Netherlands, it now wants to refurbish its headquarters to give it the right image and appearance. The aim is for the building to tie in with the nautical name of the industrial terrain where the office is based. Please refer to the official press release for further information: Dutch Press Release or English translation.
December 16, 2014
Avedon acquires stake in leading insurance software house CCS
Avedon Capital Partners is pleased to announce that it has acquired a stake in the leading insurance software house CCS. Please refer to the official press release for further details: English Press Release
November 25, 2014
2theloo welcomes French Railway Station (SNCF) as new partner
Avedon Capital Partners is pleased to announce that it’s portfolio company 2theloo welcomes SCNF as its new partner with more than 44 openings in the coming years. Please refer to the official press release for further details: English Press Release
November 19, 2014
What does it mean to support ambitious management teams to realise a company s full growth potential
Hannes Hinteregger, founding partner of Avedon Capital Partners in an interview with Mr. Ulrich Hinsen from the German Management Radio about supporting exceptional entrepreneurs and ambitious management teams to realise the full growth potential of their companies. What does it mean to support management teams? What is the role of an investor? These are only a few questions, which will be answered. Please refer to the official link to listen to the full interview: The full interview. Do you have questions? Please feel free to contact us at any time. We are looking forward hearing from you.
November 18, 2014
2theloo acquires leading position in France
Avedon Capital Partners is pleased to announce that it’s portfolio company 2theloo has acquired the Paris-based high end toilet chain PointWC. Please refer to the official press release for further details: English Press Release
October 28, 2014
JOST Group signs agreement with Daimler AG on the acquisition of Mercedes-Benz TrailerAxleSystems JOST
Following completion of the transaction, JOST Group will be one of the largest manufacturers of trailer axles in Europe. JOST Group, the world's leading producer of vehicle connection components for systems, modules and components for trucks & trailers, acquires Mercedes-Benz TrailerAxleSystems effective 1 January 2015, subject to the approval of the antitrust authorities. This was announced by Lars Brorsen, CEO of JOST Group, after signing the purchase agreement on Monday 27 October 2014. Both parties agreed not to disclose the purchase price. After the takeover of UK based Edbro in 2012, JOST Group with this acquisition takes the next major step in expanding its international business activities. Please refer to the official press release for further information: Official Press release
October 27, 2014
Euretco has acquired DGN Retail
Avedon Capital Partners is pleased to announce that it’s portfolio company Euretco has acquired DGN Retail (Apeldoorn). Please refer to the official press release for further details: English Press Release
September 22, 2014
Lasita Maja, based in Tartu, Estonia and the Outdoor Life Group, based in Gouderak, The Netherlands, announce that they have joined forces to create a leading European log cabin supplier
By integrating production and sales the new combination will have a strong presence in about ten countries across Europe, selling log cabins, garden timber and other outdoor products. Please refer to the official press release for further information: Press release
August 14, 2014
Cyclomedia has secured EUR 13.8M growth capital financing to fund the international expansion strategy
Avedon Capital Partners is pleased to announce that it’s portfolio company CycloMedia has secured EUR 13.8m of intermediate funding from ESO Capital to accelerate its expansion plans in Germany and North America and the introduction of a new camera system. Please refer to the official press release for further details: English Press Release
July 04, 2014
CycloMedia launches HD cyclorama's
CycloMedia, which supplies 360° panoramic photographs for the professional user, today officially launches the HD-Cyclorama product. The images for cycloramas are taken using a completely new camera system and offer a 100-megapixel resolution - 10 times higher than the previous generation of cycloramas. Dutch Press Release or English translation.
May 05, 2014
Avedon Capital Partners supports further international growth VanRiet Material Handling Systems
Avedon is pleased to announce the acquisition of majority interest in VanRiet Material Handling Systems. Please refer to the official press release for further details: English Press Release
December 13, 2013
Avedon Capital Partners together with management acquire Transcom CMS Forderungsmanagement GmbH
On the way towards a leading German debt collection company
Düsseldorf – 13 December 2013 – Avedon Capital Partners (‘Avedon’) together with management announced the acquisition of all shares of Transcom CMS Forderungsmanagement GmbH (‘Transcom CMS Germany’) from Transcom Worldwide S.A. (‘the Seller’ or ‘Transcom’), a company listed in Sweden. Read more
August 20, 2013
Netherlands-based investor has millions to deploy
August 20, 2013 - In a market where investors are sitting on their money, Avedon Capital Partners has managed to raise € 190 million, so the Dutch private equity house officially announced today. The funds enable Avedon to support small and medium-sized businesses in the Benelux and Germany that have promising expansion plans even in these times of crises. English translation. Dutch article.
July 03, 2013
Avedon Capital Partners facilitates accelerated growth 2theloo
Amsterdam, the Netherlands 3 July 2013 – Avedon Capital Partners (‘Avedon’) has acquired a stake in international toilet store operator 2theloo. Avedon will provide expertise and capital to accelerate the current international expansion. Read more
July 16, 2012
Management and Avedon Capital Partners successfully sell Financial Architects to Wolters Kluwer Financial Services
July 16, 2012 - Wolters Kluwer Financial Services, a leading worldwide provider of comprehensive risk management, compliance and audit solutions for the financial services industry, today announced the acquisition of Financial Architects NV (‘FinArch’), a leading provider of integrated finance, risk and performance measurement solutions that enable financial institutions to manage, measure and report all financial activities. Read more
July 06, 2012
Avedon Capital Partners together with management acquire Tesch Verwaltungs GmbH
Düsseldorf – July 06, 2012 – Avedon Capital Partners (‘Avedon’) together with management announced the acquisition of all shares in Tesch Verwaltungs GmbH (‘Tesch’ or ‘Tesch Group’) from its founder and sole shareholder Siegward Tesch. Read more
July 03, 2012
Merger between Euretco and Intres completed
Breda July 03, 2012 – The merger between retail service organizations Euretco and Intres is a fact. The merger process has been completed today. The completion of the merger results in the establishment of the largest retail service organization in the Netherlands. Read more
May 03, 2012
BWISE successfully sold to NASDAQ OMX Group Inc. by management and Avedon Capital Partners