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.
Alexander Sasha Kelberg
Founder and CEO, GroGlass
Talk to the deal team
Frederik van der Schoot
Dr. Hans Bethge
Jerome S. Romano
Oaklins TM Capital
Seniovo GmbH has been acquired by HORNBACH Baumarkt AG
The shareholders of Seniovo GmbH have sold the company to HORNBACH Baumarkt AG.Learn more
Nordian Capital has raised debt to acquire Wetac
Nordian Capital, a Netherlands-based private equity firm, has joined the shareholder base of Wetac Battery Company (Wetac), a leading supplier of batteries, battery systems and accessories for various applications and end markets. The financing was provided by OLB and will support Wetac’s strong growth ambitions.Learn more
Nordian joins the shareholder base of Wetac to support further growth
Nordian, a Netherlands-based private equity firm, has joined the shareholder base of Wetac, a leading supplier of batteries and battery systems for various applications and end markets.Learn more