Standard Investment has successfully sold ALT Technologies to Gimv
March 2017 — The shareholders of ALT Technologies, the private equity firm Standard Investment and management have sold the company to Gimv, a listed Belgian investment company.
ALT Technologies, founded in 1998, is the leading global manufacturer of covers, wraps and seals for airbag systems, as well as labels for the automotive and durable goods industries. ALT Technologies supplies its products to all major car brands worldwide. The company has obtained significant market shares in its primary product groups in Europe and has rapidly expanded its presence in key global automotive markets in recent years, after establishing a plant in China and a sales office and warehouse in the USA.
Jean-Luc Verstraeten, CEO at ALT Technologies, said: “Based on its extensive automotive track record and ability to sell private equity-owned companies, we decided once again to mandate the Dutch team to guide the sale process of ALT Technologies. Just as they did six years ago, they showed persistence in exploring all options for the company and skillfully balanced all stakeholders’ interests to complete an outstanding transaction.”
Gimv is a European investment company with over three decades of experience in private equity and venture capital. Gimv is listed on Euronext Brussels. The firm currently manages around US$1.8 billion – including co-investment partnerships – of investments in around 50 portfolio companies.
Standard Investment is a private equity firm focused on small and medium-sized enterprises headquartered in the Netherlands and Belgium. The firm is actively involved in the management of its 13 portfolio companies and closes deals with an equity ticket of up to US$15 million.
Our role in the transaction
Oaklins' team in the Netherlands acted as advisor to the seller in this transaction. The team identified a large group of both strategic and financial buyers, which were approached by local Oaklins member firms. Oaklins' Dutch team executed a highly competitive process that involved numerous buyers up until the final offers and resulted in a premium valuation. The team had previously advised ALT Technologies on its sale to Standard Investment in 2011.
Talk to the deal team
Frederik van der Schoot
Oaklins Netherlands
Related deals
Heka Dental has joined forces with Impilo to anchor focused buy-and-build strategy
Heka Dental, a leading Danish designer and manufacturer of premium dental treatment units, has been acquired by the Swedish private equity firm Impilo. The acquisition establishes Heka Dental as a strategic platform for consolidation in the European dental equipment market. Impilo will execute a focused buy-and-build strategy to accelerate growth and expand its footprint across Europe.
Learn moreGP-Connect has joined forces with Transformation Capital to accelerate growth
Transformation Capital, a Netherlands-based investment firm, has joined forces with GP-Connect, a leading international secondment platform with specialized brands serving the hospitality, IT, skilled labor, technical services and dental sectors. As part of the transaction, GP-Connect welcomes Transformation Capital as its new shareholder to support the company’s next phase of growth, while the founders and existing shareholders will remain actively involved. The partnership will focus on executing a targeted buy-and-build strategy, expanding the business internationally and further strengthening GP-Connect’s portfolio.
Learn moreLemvig Biogasanlæg has been acquired by BioticNRG
BioticNRG has acquired Lemvig Biogasanlæg A.M.B.A. in a transaction that expands its presence in the biogas sector and establishes a strategic platform for further growth in the Danish renewable energy market. The acquisition supports the continued development of Lemvig Biogasanlæg while strengthening the production of green gas in Denmark.
Learn more