Smartwares has sold Smartwares Security to TC Capital Partners. Financial details have not been disclosed.
Smartwares Security is a value-added distributor of a wide variety of security products for installers based in the Netherlands, Belgium and Luxembourg. Products include among others surveillance cameras and alarm systems from A brand manufacturers such as Samsung, Siemens, Panasonic and Sony. The company is a trusted supplier of security products for a large base of installers.
TC Capital Partners is the investment vehicle of private investor Paul Lamers.
Smartwares is a company engaged in the added-value distribution of consumer goods for the DIY industry and related retailers. The company is owned by three of the most well-respected Dutch private equity firms: H2 Equity Partners, NPM Capital and ABNAMRO Participations.
Oaklins' team in the Netherlands advised the seller in this transaction.
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