Standard Investment has successfully sold ALT Technologies to Gimv
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.
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
Hemink Groep has been acquired by Gimv
Gimv has acquired a majority stake in Hemink, a Dutch specialist in real estate renovation and maintenance. This transaction marks a new chapter for Hemink, as it seeks to expand its position as a national leader in sustainable property services through its new partnership with Gimv.
Learn moreOGD has been sold to Building Beyond Technology Group
Building Beyond Technology Group (BBTG) strengthens its position in the IT sector by welcoming OGD IT-Dienstverlening (OGD) to its platform. With over 1,400 employees, OGD is an established name in the Dutch market as a mission-critical IT service provider for large-scale clients. This addition not only increases BBTG’s scale but also enhances its domain expertise and execution capabilities through close cooperation with the other platform companies.
Learn moreAlmac has acquired 100% of the shares of Easy Lift S.r.l.
Almac has successfully acquired 100% of Easy Lift S.r.l.’s share capital, along with the reinvestment of Easy Lift’s shareholders into Almac. Aiming to enhance the group’s positioning and accelerate its growth, the transaction was supported by private equity firm Wise Equity, which holds a majority stake in Almac. Michele and Emanuele Sorianini, founders of Easy Lift, will retain their respective roles within the company and join Almac’s board, which will lead the strategy for the new group.
Learn more