Kempen European Private Equity Fund acquires an interest in high-precision sheet metal processing company Wilvo Group
The participation of the Kempen European Private Equity Fund is a co-investment with the German investment company Steadfast Capital. The investors have backed the management buy-out by the Wilvo management team, who, as new co-owners, are highly motivated to drive further growth for Wilvo Group, both organically and through targeted acquisitions. In addition, former director and major shareholder Louis Vosters will retain a stake in the company.
Sven Smeets, Cohead, and Bram Bikker, Director of the Kempen Private Markets team, explained: ‘The Kempen European Private Equity Fund focuses on investments in stable, small and medium-sized businesses that lead the market in their own specific niche. Wilvo Group is a prime example of a great family business with a long history and an impressive client base. It matches our focus. We have every confidence in the management team’s ability to build on the success of the company. We, therefore, take pride in the fact that the investors in our fund, the clients of Van Lanschot Kempen, will have access to such a magnificent company.’
Rob Lemmens, Commercial Director of Wilvo Group, stated: ‘With Kempen and Steadfast Capital, we have two professional investment partners on board who can help us to achieve our growth objectives. The Kempen Private Markets team supports professional business practice. We look forward to a successful partnership.’
About Wilvo Group
Wilvo Group is a technologically advanced high-precision sheet metal processing company focused on manufacturing metal products using CNC machines and completely robot-controlled laser, punching, bending, and welding machines. Besides light construction work, the company offers special industrial services. Wilvo’s high-tech assembly line and exceptional expertise ensure that complex projects, in small as well as large series, can be completed successfully within a relatively short period of time, for clients at home and abroad. In addition, Wilvo has two clean rooms (totalling 1000 m²), that rank among the largest in the Netherlands and that are ideal for large, highly sensitive machines and components. Wilvo Group was founded in 1970 as a metal processing company by A. Willems and J. Vosters, who were later succeeded by the son of the latter, Louis Vosters.
Kempen European Private Equity Fund (the Sub-Fund) is a sub-fund of Kempen Alternative Markets Fund SICAV-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Sub-Fund is registered under the license of the Fund at The Netherlands Authority for the Financial Markets.
The information in this document provides insufficient information for an investment decision. Please read the prospectus. This document is available on the website of KCM (www.kempen.com/investmentfunds). The Sub-Fund is registered for offering in a limited number of countries. The countries where the Sub-Fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.
The Fund is a closed-end investment fund and is only available for professional investors.
*FD, 29 May 2019. Link: click here.