NCH Capital Inc. has sold GroGlass to Kartesia Advisor
May 2018 — 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.
Our role in the transaction
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
Oaklins Netherlands
Related deals
Nymann Kloak- & Miljøservice has been acquired by Serwent Group
Nymann Kloak- & Miljøservice has been acquired by Serwent Group. The acquisition expands Serwent’s footprint in Denmark while broadening its service offering and strengthening capacity across its existing platform. This transaction further supports Serwent’s ambition to become the leading Nordic operator in underground infrastructure maintenance.
Learn moreLife & Mobility has attracted investor Bolster Investment Partners
Life & Mobility, a leading developer and manufacturer of premium mobility and rehabilitation solutions, has welcomed Bolster Investment Partners as a new shareholder. The partnership provides Life & Mobility with a strong long-term partner to support the company’s next phase of growth, with a continued focus on product innovation, strengthening its leading market position and further international expansion. The company’s mission remains to enhance the mobility, independence and quality of life of end users through innovative, sustainable and circular mobility solutions designed for multiple life cycles.
Learn moreDIGMATIX has entered Romania through the acquisition of Elian Solutions
DIGMATIX, one of the largest providers of Microsoft Business Applications solutions in the region, has acquired Elian Solutions, a Romanian Microsoft Dynamics 365 partner, together with its subsidiary Elian Development Systems. Through the acquisition, DIGMATIX expands its operations into Romania and strengthens its position as a regional leader in the implementation and development of Microsoft Business Applications solutions. The acquisition was financed by an investment from DIGMATIX’s majority shareholder, Baltic private equity fund Livonia Partners, together with financing provided by SEB Bank.
Learn more