The private shareholders of Troostwijk Auctions have sold a minority shareholding to Hartenlust Group for an undisclosed consideration.
Troostwijk Auctions, founded in 1930, is a pan-European auction house focusing primarily on industrial goods and machinery. Troostwijk Auctions also offers valuation and related consultancy services. The company is headquartered in Amsterdam, the Netherlands, and has 20 offices in 14 countries throughout Europe. Over the last decade, Troostwijk has evolved from a traditional auction house with live auctions to an online player hosting 1,300 auctions annually. The company has an extensive international reach and in 2014 attracted bidders from 127 countries.
Hartenlust is an independent and self-funded investment company. The group focuses on the development of medium-sized companies by sharing capital, expertise and an extensive network.
Oaklins' team in the Netherlands acted as exclusive M&A advisor to Troostwijk, providing M&A services and deal structuring support. The team also acted as an exclusive financial advisor to Troostwijk and Hartenlust, providing debt advisory services.
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