Kempen Private Markets Fund acquires an interest in LKE
Sven Smeets, Co-Head of the Kempen Private Markets team, explains the decision: ‘LKE is a wonderful modern company with a long history of developing logistics technology and an impressive international client base. The company perfectly matches the focus on our clients that we have at Kempen and our drive to invest in stable, small and medium-sized companies who are leaders in their own specific niche market. We are proud that investors in our fund, clients of Van Lanschot Kempen, can obtain access to such a great company.’
Bram Bikker, Director of the Kempen Private Markets team, provides further information: ‘We have a great deal of confidence in LKE’s management team building on the company’s international success. Moreover, we look forward to our constructive cooperation with Premium Equity Partners and the management team over the coming years. The Kempen Private Markets Fund focuses on the small and lower mid-sized segment of the European buy-out private equity market. It’s a fund that invests on behalf of its clients in private equity, infrastructure, land (agricultural and forestry) and real estate.’
The Kempen Private Markets Fund’s participation is a co-investment with German investment company Premium Equity Partners. Together the investors have enabled a management buy-out by LKE’s management team, which as co-owner is motivated to continue growing LKE, both autonomously and via targeted acquisitions.
Marcel van Wijk, Managing Partner at Premium Equity Partners: ‘We facilitate professional entrepreneurship in small and medium-sized businesses. We are therefore very pleased, together with Kempen, to be able to help LKE’s management team realise our joint growth targets. We look forward to our future collaboration.’
About LKE Group
LKE was founded in 1994 and operates in Europe. The company develops and manufactures customised rolling logistics system solutions, such as transport containers, trolleys and tugger trains for intra-logistics, parcel delivery and the aviation sector. LKE employs 170 workers, has three manufacturing locations in Germany as well as sales offices in the UK and Poland.
About the Kempen Private Markets Fund
The Kempen Private Markets Fund invests in the share capital structure of four Private Markets asset classes: Private Equity, Infrastructure, Land and Real Estate. The fund currently invests in 13 partnerships and three direct co-investments. The Kempen Private Markets Fund was set up in 2018 and has per 29 February 2020 over EUR 120m in committed client capital. Its unique open-end structure offers investors entry and withdrawal on a quarterly basis, subject to a 3-year lock-up and depending on available liquidity.
The Kempen Private Markets 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 Key Investor Document (available in Dutch and English) and the prospectus (available in English). These documents of the Fund are available on the website of KCM (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The Subfonds is registered for offering in a limited number of countries. The countries where the subfund is registered can be found on the website.
The value of your investment may fluctuate. Past performance provides no guarantee for the future.
About Kempen Capital Management
Kempen Capital Management is a specialist asset manager with a focused approach and a clear investment philosophy. We believe in long-term stewardship for our clients and other stakeholders. Kempen provides sustainable returns, fiduciary management services, manager selection, portfolio construction and monitoring, alongside a number of actively-managed investment strategies. As of 31 December 2019, Kempen Capital Management had a total of €76.2 billion in client assets under management.
Kempen Capital Management, part of Van Lanschot Kempen, is a specialist and independent wealth manager. Kempen Capital Management NV is licensed as a manager of various UCITS and AIFs and authorised to provide investment services and as such is subject to supervision by the Netherlands Authority for the Financial Markets.