Go to deals
Industrial Machinery & Components | Private Equity

NCH Capital Inc. has sold GroGlass to Kartesia Advisor

The management team of GroGlass, led by the founder and CEO Alexander Sasha Kelberg and supported by Kartesia Advisor, has acquired the company from NCH Capital Inc. in an MBO transaction.

GroGlass is one of the world’s leading developers and manufacturers of anti-reflective coatings on glass and acrylic for various high-end applications such as museum showcases, electronic displays, picture framing, architecture and other applications. The company exports 99% of its products to more than 40 countries, mainly in Europe, USA, Canada and Brazil. GroGlass’ clients range from TV and audio equipment producers such as Bang & Olufsen to art galleries and museums, including the Rijksmuseum in Amsterdam. GroGlass has showed solid performance and over the past five years the company has recorded 17% CAGR revenues.

Kartesia Advisor is an independent and privately owned credit provider focused on small and middle-market companies across Europe. Over the past ten years, the team has invested approximately US$1.2 billion in more than 100 companies across Europe. Kartesia Advisor has offices in Belgium, France, Germany, Luxembourg, Spain and the UK.

NCH Capital is a global investment firm with more than US$3 billion capital under management. NCH Capital was founded in 1993, forming 25 funds targeting inefficiencies in capital-starved markets. The firm’s deep-value strategies are executed, depending on the local opportunity set, through investments in real estate, agribusiness, private equity and publicly quoted securities.

Oaklins' team in the Baltics led the process as the exclusive M&A advisor to GroGlass in this cross-border transaction. Oaklins’ teams in the Netherlands, Germany and the US supported the transaction.

Service
M&A sell-side
Parties
“The unique blend of personality and professionalism made Oaklins’ team the perfect partner in this transaction. They became a natural extension of our own team, masterfully guiding us through the many turns and pivots of this complicated transaction. Their wide international reach and deep local knowledge was the key winning combination that led us to choose them from the many competing offers and remains the reason to recommend them for any future M&A deal.

Alexander Sasha Kelberg

Founder and CEO, GroGlass

Talk to the deal team

 Valērija  Lieģe

Valērija Lieģe

Partner

Riga, Latvia
Oaklins Baltics
 Frederik  van der Schoot

Frederik van der Schoot

Managing Partner

Amsterdam, Netherlands
Oaklins Netherlands
Dr. Hans  Bethge

Dr. Hans Bethge

Senior Advisor

Hamburg, Germany
Oaklins Germany
 Jerome S. Romano

Jerome S. Romano

Managing Director

Boston, United States
Oaklins TM Capital

Related deals

Listan, a leading provider of high-performance computer components, has been acquired by Afinum
Private Equity | TMT

Listan, a leading provider of high-performance computer components, has been acquired by Afinum

The three founders of Listan GmbH have sold a majority stake in the company to Afinum.

Learn more
Axel Johnson International has acquired Caldan Conveyor
Industrial Machinery & Components

Axel Johnson International has acquired Caldan Conveyor

Axel Johnson International AB has expanded within industrial automation through the acquisition of Caldan Conveyor A/S, creating a strong partnership in the delivery of overhead and floor conveyor systems. Caldan will become an integral part of Axel Johnson International’s recently formed industrial automation segment and part of the business group Industrial Solutions. The transaction is subject to clearance by relevant local competition authorities.

Learn more
Læringsverkstedet Gruppen AS has acquired Pilke päiväkodit Oy
Private Equity | TMT

Læringsverkstedet Gruppen AS has acquired Pilke päiväkodit Oy

The leading Finnish early childhood education services provider Pilke päiväkodit Oy has been acquired by Norway-based Læringsverkstedet Gruppen AS. Following the acquisition, Læringsverkstedet will be the largest daycare group in the Nordics and one of the largest globally, with operations in Norway, Sweden, Finland, Germany, Dubai and Latvia.

Learn more